Chatham Capital Group Inc. Has $7.68 Million Stake in McDonald’s Co. (NYSE:MCD)

Chatham Capital Group Inc. boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the first quarter, Holdings Channel reports. The institutional investor owned 27,250 shares of the fast-food giant’s stock after acquiring an additional 578 shares during the quarter. McDonald’s comprises about 1.4% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 16th biggest position. Chatham Capital Group Inc.’s holdings in McDonald’s were worth $7,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signature Resources Capital Management LLC bought a new stake in shares of McDonald’s in the 4th quarter worth about $31,000. Spartan Planning & Wealth Management bought a new stake in McDonald’s during the third quarter worth about $33,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth approximately $38,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $39,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD traded down $3.33 during trading hours on Friday, reaching $254.84. 8,958,712 shares of the company’s stock were exchanged, compared to its average volume of 3,556,529. The company has a market capitalization of $183.66 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71. The company’s 50-day moving average is $263.31 and its two-hundred day moving average is $279.07. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

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

McDonald’s Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MCD. Truist Financial dropped their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Bank of America decreased their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. The Goldman Sachs Group initiated coverage on McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target for the company. TD Cowen reissued a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 13th. Finally, Robert W. Baird dropped their target price on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $315.14.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s 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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,095 shares of company stock valued at $1,100,625. 0.23% of the stock is owned by insiders.

McDonald’s Company 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.