Atomi Financial Group Inc. Has $1.11 Million Holdings in McDonald’s Co. (NYSE:MCD)

Atomi Financial Group Inc. raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,938 shares of the fast-food giant’s stock after purchasing an additional 275 shares during the period. Atomi Financial Group Inc.’s holdings in McDonald’s were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the 1st quarter worth approximately $28,000. Signature Resources Capital Management LLC acquired a new stake in McDonald’s during the 4th quarter valued at $31,000. Clear Investment Research LLC acquired a new stake in McDonald’s during the 4th quarter valued at $38,000. Keener Financial Planning LLC acquired a new stake in McDonald’s during the 4th quarter valued at $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s during the 4th quarter valued at $39,000. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now 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 at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,593 shares of company stock worth $1,472,518. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

MCD traded down $1.34 on Monday, hitting $252.56. 1,802,424 shares of the company were exchanged, compared to its average volume of 3,447,993. The firm has a fifty day simple moving average of $258.50 and a two-hundred day simple moving average of $276.20. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The stock has a market capitalization of $182.01 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter last year, the business posted $2.63 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts expect that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. TD Cowen reiterated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 13th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. The Goldman Sachs Group started coverage on McDonald’s in a research report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price on the stock. Argus reiterated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, Truist Financial cut their price target on McDonald’s from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.11.

About McDonald’s

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.