Chicago Partners Investment Group LLC grew its position in McDonald's Corporation (NYSE:MCD - Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,151 shares of the fast-food giant's stock after buying an additional 1,241 shares during the quarter. Chicago Partners Investment Group LLC's holdings in McDonald's were worth $6,411,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Mascagni Wealth Management Inc. acquired a new position in McDonald's in the 4th quarter valued at about $25,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in McDonald's during the 4th quarter worth approximately $30,000. Abound Financial LLC purchased a new position in McDonald's in the 1st quarter valued at approximately $30,000. Finally, Copia Wealth Management purchased a new position in McDonald's in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.
McDonald's Price Performance
Shares of McDonald's stock opened at $307.47 on Thursday. The firm's fifty day simple moving average is $298.81 and its 200-day simple moving average is $303.99. McDonald's Corporation has a 12 month low of $265.33 and a 12 month high of $326.32. The stock has a market capitalization of $219.85 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 3.13 and a beta of 0.52.
McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the business posted $2.97 earnings per share. McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. Analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.
McDonald's Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Truist Financial increased their price objective on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Bank of America cut their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Piper Sandler lifted their price objective on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Redburn Atlantic reissued a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Finally, Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and reduced their target price for the company from $346.00 to $315.00 in a report on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald's has a consensus rating of "Hold" and a consensus price target of $323.39.
Check Out Our Latest Stock Analysis on MCD
Insider Buying and Selling at McDonald's
In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company's stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,280 shares of company stock worth $2,215,178. 0.25% of the stock is currently owned by insiders.
McDonald's Profile
(
Free Report)
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.
Further Reading
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