Ascent Wealth Partners LLC Has $3.62 Million Holdings in McDonald’s Corporation (NYSE:MCD)

Ascent Wealth Partners LLC boosted its position in McDonald’s Corporation (NYSE:MCD) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,588 shares of the fast-food giant’s stock after buying an additional 34 shares during the quarter. Ascent Wealth Partners LLC’s holdings in McDonald’s were worth $3,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Granite Bay Wealth Management LLC boosted its holdings in McDonald’s by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC boosted its holdings in McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC boosted its holdings in McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after purchasing an additional 33 shares during the period. Northeast Financial Consultants Inc boosted its holdings in McDonald’s by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock valued at $2,170,000 after purchasing an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. boosted its holdings in McDonald’s by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock valued at $2,535,000 after purchasing an additional 34 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares of the company’s stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,817 shares of company stock worth $1,165,843 in the last three months. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Redburn Atlantic reissued a “sell” rating and issued a $260.00 price target (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Piper Sandler raised their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. TD Securities reaffirmed a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 5th. Morgan Stanley raised their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Citigroup raised their price objective on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $319.48.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $298.71 on Thursday. McDonald’s Corporation has a one year low of $246.12 and a one year high of $326.32. The company has a 50 day moving average of $303.10 and a 200-day moving average of $302.60. The stock has a market cap of $213.59 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.12 and a beta of 0.53.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the previous year, the company earned $2.70 EPS. McDonald’s’s revenue was down 3.5% on a year-over-year basis. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.37%. The ex-dividend date was Monday, June 2nd. McDonald’s’s payout ratio is 62.49%.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.