RMR Wealth Builders Has $2.06 Million Stock Holdings in McDonald's Co. (NYSE:MCD)

RMR Wealth Builders grew its position in McDonald's Co. (NYSE:MCD - Free Report) by 17.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,583 shares of the fast-food giant's stock after acquiring an additional 972 shares during the quarter. RMR Wealth Builders' holdings in McDonald's were worth $2,056,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the fourth quarter worth about $25,000. Atala Financial Inc acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's during the fourth quarter worth $29,000. Fairway Wealth LLC lifted its holdings in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald's in the 4th quarter valued at $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCD. TD Securities reissued a "hold" rating and set a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. Barclays lifted their price target on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley reiterated an "equal weight" rating and set a $324.00 target price (down previously from $329.00) on shares of McDonald's in a report on Monday, June 9th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $321.79.

McDonald's Trading Down 1.9%

MCD stock traded down $5.73 on Monday, hitting $296.18. 4,003,771 shares of the company's stock traded hands, compared to its average volume of 3,509,063. The stock has a market cap of $211.78 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a fifty day moving average of $311.95 and a 200-day moving average of $303.03.

McDonald's (NYSE:MCD - Get Free Report) last issued 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 negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the previous year, the firm posted $2.70 EPS. The company's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.39%. McDonald's's dividend payout ratio is currently 62.49%.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the 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 completion of the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by insiders.

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.