Simon Quick Advisors LLC lifted its position in McDonald's Co. (NYSE:MCD - Free Report) by 40.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,588 shares of the fast-food giant's stock after buying an additional 2,200 shares during the quarter. Simon Quick Advisors LLC's holdings in McDonald's were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Mascagni Wealth Management Inc. bought a new stake in McDonald's in the 4th quarter valued at $25,000. Atala Financial Inc bought a new stake in McDonald's in the 4th quarter valued at $26,000. Pinney & Scofield Inc. bought a new stake in McDonald's in the 4th quarter valued at $29,000. Fairway Wealth LLC increased its holdings in McDonald's by 110.0% in the 4th 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 during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in McDonald's in the 4th quarter valued at $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.
McDonald's Trading Up 0.4%
MCD stock traded up $1.21 during mid-day trading on Thursday, hitting $302.93. The stock had a trading volume of 2,581,660 shares, compared to its average volume of 3,507,059. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a market capitalization of $216.60 billion, a P/E ratio of 26.60, a P/E/G ratio of 3.10 and a beta of 0.56. The firm has a fifty day simple moving average of $311.84 and a 200 day simple moving average of $302.83.
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, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the firm earned $2.70 EPS. The business's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.
McDonald's Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio is 62.49%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Truist Financial set a $350.00 price objective on shares of McDonald's in a report on Friday, May 2nd. TD Securities reissued a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Piper Sandler raised their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $321.79.
Check Out Our Latest Stock Analysis on McDonald's
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.
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