Oppenheimer & Co. Inc. Raises Stock Position in McDonald's Corporation (NYSE:MCD)

Oppenheimer & Co. Inc. boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,428 shares of the fast-food giant's stock after buying an additional 6,531 shares during the period. Oppenheimer & Co. Inc.'s holdings in McDonald's were worth $18,876,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the 4th quarter worth approximately $25,000. Atala Financial Inc acquired a new position in McDonald's during the fourth quarter worth $26,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's during the fourth quarter worth $29,000. Fairway Wealth LLC grew its stake in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after buying an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Up 0.1%

Shares of NYSE MCD traded up $0.24 during mid-day trading on Thursday, hitting $285.79. 5,327,904 shares of the company were exchanged, compared to its average volume of 3,528,449. The stock has a 50 day simple moving average of $308.63 and a 200-day simple moving average of $302.49. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $204.35 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last released its 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 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the business earned $2.70 EPS. The business's revenue was down 3.5% on a year-over-year basis. Analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

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

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 completion of the sale, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on MCD shares. TD Securities reaffirmed a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Truist Financial set a $350.00 price objective on shares of McDonald's in a research note on Friday, May 2nd. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. KeyCorp raised their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Finally, Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. 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 stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.