Vicus Capital Invests $336,000 in McDonald’s Co. (NYSE:MCD)

Vicus Capital acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,191 shares of the fast-food giant’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Norges Bank acquired a new position in McDonald’s during the fourth quarter valued at $2,684,899,000. Gallagher Fiduciary Advisors LLC lifted its position in McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. International Assets Investment Management LLC lifted its position in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the period. Price T Rowe Associates Inc. MD lifted its position in McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in McDonald’s by 552.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock valued at $234,729,000 after purchasing an additional 670,261 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MCD shares. Wedbush decreased their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. TD Cowen reiterated a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 13th. Truist Financial decreased their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. KeyCorp decreased their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Citigroup decreased their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $315.14.

Insider Transactions at McDonald’s

In other news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,095 shares of company stock worth $1,100,625. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Down 1.3 %

NYSE:MCD traded down $3.33 on Friday, hitting $254.84. The stock had a trading volume of 8,958,712 shares, compared to its average volume of 3,556,529. The stock has a market cap of $183.66 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.91 and a beta of 0.71. The company has a fifty day moving average price of $263.31 and a two-hundred day moving average price of $279.19. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the firm earned $2.63 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. McDonald’s’s dividend payout ratio is currently 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.