Revolve Wealth Partners LLC Acquires 118 Shares of McDonald’s Co. (NYSE:MCD)

Revolve Wealth Partners LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,060 shares of the fast-food giant’s stock after acquiring an additional 118 shares during the quarter. Revolve Wealth Partners LLC’s holdings in McDonald’s were worth $643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in McDonald’s by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after acquiring an additional 526,466 shares in the last quarter. Geode Capital Management LLC raised its position in McDonald’s by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock valued at $4,652,768,000 after acquiring an additional 157,458 shares in the last quarter. Capital Research Global Investors raised its position in McDonald’s by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock valued at $3,088,037,000 after acquiring an additional 531,070 shares in the last quarter. Norges Bank bought a new position in McDonald’s during the fourth quarter valued at approximately $2,725,190,000. Finally, Northern Trust Corp raised its position in shares of McDonald’s by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. Bank of America lifted their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. TD Securities reissued a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a research report on Thursday. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Finally, Truist Financial set a $350.00 price target on shares of McDonald’s in a research report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $324.96.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $307.44 on Friday. The firm has a market capitalization of $219.83 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The company’s fifty day moving average price is $312.29 and its two-hundred day moving average price 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 earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated 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 owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.

McDonald’s Company 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.