Vest Financial LLC Raises Stake in McDonald's Co. (NYSE:MCD)

Vest Financial LLC lifted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 7.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,504 shares of the fast-food giant's stock after purchasing an additional 13,549 shares during the period. McDonald's makes up about 1.0% of Vest Financial LLC's holdings, making the stock its 16th biggest position. Vest Financial LLC's holdings in McDonald's were worth $64,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mascagni Wealth Management Inc. acquired a new position in McDonald's in the 4th quarter worth about $25,000. Atala Financial Inc acquired a new position in shares of McDonald's during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald's during the 4th quarter worth about $27,000. Collier Financial acquired a new position in McDonald's in the 4th quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. acquired a new position in McDonald's in the 4th quarter valued at approximately $29,000. 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. JPMorgan Chase & Co. increased their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Truist Financial set a $350.00 price objective on McDonald's in a research report on Friday, May 2nd. Bank of America raised their price target on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, Piper Sandler raised their price objective on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Thirteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $324.96.

McDonald's Price Performance

Shares of MCD stock traded down $1.54 on Friday, hitting $307.44. 2,621,006 shares of the stock traded hands, compared to its average volume of 3,492,630. The firm has a market cap of $219.83 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a 50 day simple moving average of $312.41 and a two-hundred day simple moving average of $302.46.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm posted $2.70 EPS. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company's stock, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.

McDonald's 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.