ORG Wealth Partners LLC Grows Stake in McDonald's Corporation (NYSE:MCD)

ORG Wealth Partners LLC boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 78.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,922 shares of the fast-food giant's stock after purchasing an additional 1,289 shares during the quarter. ORG Wealth Partners LLC's holdings in McDonald's were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Plimoth Trust Co. LLC increased its holdings in McDonald's by 0.5% during the 1st quarter. Plimoth Trust Co. LLC now owns 17,509 shares of the fast-food giant's stock worth $5,469,000 after purchasing an additional 81 shares during the period. Sterling Investment Counsel LLC boosted its position in McDonald's by 97.9% during the 1st quarter. Sterling Investment Counsel LLC now owns 4,254 shares of the fast-food giant's stock valued at $1,329,000 after acquiring an additional 2,104 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in McDonald's by 1.6% during the 1st quarter. TCI Wealth Advisors Inc. now owns 19,865 shares of the fast-food giant's stock valued at $6,205,000 after acquiring an additional 306 shares in the last quarter. Global X Japan Co. Ltd. boosted its position in McDonald's by 23.0% during the 1st quarter. Global X Japan Co. Ltd. now owns 2,121 shares of the fast-food giant's stock valued at $663,000 after acquiring an additional 396 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in McDonald's during the 1st quarter valued at $52,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Stock Down 1.1%

McDonald's stock opened at $289.24 on Thursday. The firm has a market cap of $206.81 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.56. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The business's 50-day moving average price is $311.36 and its 200 day moving average price is $302.86.

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

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.45%. McDonald's's dividend payout ratio is presently 62.49%.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. TD Securities reaffirmed a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Truist Financial set a $350.00 target price on McDonald's in a research report on Friday, May 2nd. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company 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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