Regent Peak Wealth Advisors LLC Has $1.43 Million Holdings in McDonald’s Co. (NYSE:MCD)

Regent Peak Wealth Advisors LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 15.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,585 shares of the fast-food giant’s stock after selling 858 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in McDonald’s were worth $1,432,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $25,000. Atala Financial Inc acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $27,000. Collier Financial acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MCD shares. Robert W. Baird raised their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Piper Sandler raised their price objective on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Truist Financial set a $350.00 price objective on McDonald’s in a research note on Friday, May 2nd. Finally, Wedbush raised their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Thirteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $324.96.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $307.44 on Friday. The firm has a market cap of $219.83 billion, a P/E ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56. The business’s fifty day moving average is $312.29 and its two-hundred day moving average is $302.66. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 earnings per share. On average, equities research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio is currently 62.49%.

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.