Jaffetilchin Investment Partners LLC Grows Stock Position in McDonald's Corporation (NYSE:MCD)

Jaffetilchin Investment Partners LLC raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 8.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,056 shares of the fast-food giant's stock after acquiring an additional 1,308 shares during the period. Jaffetilchin Investment Partners LLC's holdings in McDonald's were worth $5,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the 4th quarter worth approximately $25,000. Atala Financial Inc purchased a new position in McDonald's in the fourth quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in McDonald's in the fourth quarter valued at $29,000. Fairway Wealth LLC boosted its position in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald's during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 2,817 shares of company stock valued at $865,843. Company insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.1%

MCD stock opened at $285.79 on Friday. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market cap of $204.35 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.98 and a beta of 0.56. The business has a fifty day simple moving average of $308.63 and a 200-day simple moving average of $302.49.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company earned $2.70 EPS. The company's revenue was down 3.5% on a year-over-year basis. As a group, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.48%. McDonald's's payout ratio is 62.49%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Robert W. Baird boosted 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. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Piper Sandler lifted their price objective on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and lowered their target price for the company from $346.00 to $315.00 in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.

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