Cwm LLC Acquires 7,100 Shares of McDonald’s Co. (NYSE:MCD)

Cwm LLC increased its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,093 shares of the fast-food giant’s stock after buying an additional 7,100 shares during the period. Cwm LLC’s holdings in McDonald’s were worth $19,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Signature Resources Capital Management LLC bought a new position in McDonald’s in the 4th quarter valued at $31,000. Spartan Planning & Wealth Management bought a new position in McDonald’s in the 3rd quarter valued at $33,000. Clear Investment Research LLC bought a new position in McDonald’s in the 4th quarter valued at $38,000. Atlantic Edge Private Wealth Management LLC bought a new position in McDonald’s in the 4th quarter valued at $39,000. Finally, Keener Financial Planning LLC bought a new position in McDonald’s in the 4th quarter valued at $39,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. Insiders have sold 4,096 shares of company stock valued at $1,127,678 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MCD. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Morgan Stanley lowered their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Robert W. Baird lowered their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. UBS Group lowered their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Wedbush lowered their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $315.14.

View Our Latest Analysis on MCD

McDonald’s Stock Down 1.1 %

Shares of MCD traded down $2.72 during trading hours on Wednesday, reaching $250.79. 2,956,314 shares of the company traded hands, compared to its average volume of 3,367,109. The company’s fifty day moving average price is $265.25 and its two-hundred day moving average price is $280.88. The company has a market capitalization of $180.74 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.85 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.63 EPS. On average, analysts expect that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is currently 56.71%.

McDonald’s Company Profile

(Free Report)

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

Further Reading

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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