McDonald's Co. (NYSE:MCD) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 39,039.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,497,919 shares of the fast-food giant's stock after purchasing an additional 3,488,982 shares during the quarter. GAMMA Investing LLC owned 0.49% of McDonald's worth $1,092,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after acquiring an additional 1,649 shares during the period. Union Bancaire Privee UBP SA purchased a new position in McDonald's during the fourth quarter worth about $64,805,000. Revolve Wealth Partners LLC grew its position in McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after buying an additional 52 shares in the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of McDonald's by 17.4% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,556 shares of the fast-food giant's stock worth $451,000 after purchasing an additional 231 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its holdings in McDonald's by 1.0% during the 4th quarter. Strategic Blueprint LLC now owns 4,521 shares of the fast-food giant's stock valued at $1,311,000 after acquiring an additional 44 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company's stock.

McDonald's Price Performance

NYSE:MCD traded down $0.05 during trading hours on Tuesday, reaching $312.63. The company had a trading volume of 1,014,626 shares, compared to its average volume of 3,502,416. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $223.54 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The business's 50 day moving average price is $312.40 and its 200-day moving average price is $302.20.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business's revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $2.70 EPS. On average, analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. McDonald's's dividend payout ratio (DPR) is 62.49%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. TD Securities reiterated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Truist Financial set a $350.00 price target on McDonald's in a research note on Friday, May 2nd. Robert W. Baird raised their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $325.91.

McDonald's Company Profile

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.