McDonald's Co. (NYSE:MCD) Shares Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. grew its stake in McDonald's Co. (NYSE:MCD - Free Report) by 383.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,200 shares of the fast-food giant's stock after purchasing an additional 24,750 shares during the period. Hennessy Advisors Inc.'s holdings in McDonald's were worth $9,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Farmers & Merchants Investments Inc. grew its position in shares of McDonald's by 0.9% in the first quarter. Farmers & Merchants Investments Inc. now owns 72,072 shares of the fast-food giant's stock valued at $22,513,000 after purchasing an additional 674 shares in the last quarter. Tritonpoint Wealth LLC grew its position in shares of McDonald's by 0.5% in the first quarter. Tritonpoint Wealth LLC now owns 10,332 shares of the fast-food giant's stock valued at $3,227,000 after purchasing an additional 49 shares in the last quarter. RTD Financial Advisors Inc. grew its position in shares of McDonald's by 5.5% in the first quarter. RTD Financial Advisors Inc. now owns 1,100 shares of the fast-food giant's stock valued at $344,000 after purchasing an additional 57 shares in the last quarter. CVA Family Office LLC grew its position in shares of McDonald's by 1.9% in the first 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 in the last quarter. Finally, Powers Advisory Group LLC grew its position in shares of McDonald's by 1.9% in the first quarter. Powers Advisory Group LLC now owns 6,446 shares of the fast-food giant's stock valued at $2,014,000 after purchasing an additional 122 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald's

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

McDonald's Price Performance

Shares of NYSE MCD traded down $1.59 during mid-day trading on Friday, hitting $301.57. The company had a trading volume of 2,424,707 shares, compared to its average volume of 3,506,984. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market capitalization of $215.63 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The business's 50-day simple moving average is $311.95 and its 200 day simple moving average is $302.97.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 31.73% and a negative return on equity of 181.63%. 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 business posted $2.70 EPS. The firm's revenue was down 3.5% on a year-over-year basis. On average, analysts expect that McDonald's Co. will post 12.25 EPS for the current 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. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio is presently 62.49%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MCD. KeyCorp upped their price target on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Citigroup upped their price objective on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Barclays upped their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Truist Financial set a $350.00 price objective on McDonald's in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $321.79.

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.