Range Financial Group LLC Buys 898 Shares of McDonald’s Co. (NYSE:MCD)

Range Financial Group LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 8.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,371 shares of the fast-food giant’s stock after buying an additional 898 shares during the period. McDonald’s makes up approximately 1.6% of Range Financial Group LLC’s holdings, making the stock its 9th biggest holding. Range Financial Group LLC’s holdings in McDonald’s were worth $3,552,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mattern Capital Management LLC raised its holdings in McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after buying an additional 579 shares during the period. Bell Bank raised its holdings in shares of McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after purchasing an additional 371 shares during the last quarter. Integral Investment Advisors Inc. raised its holdings in shares of McDonald’s by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after purchasing an additional 164 shares during the last quarter. Aviva PLC raised its holdings in shares of McDonald’s by 5.6% in the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock valued at $125,350,000 after purchasing an additional 23,024 shares during the last quarter. Finally, APG Asset Management N.V. raised its holdings in shares of McDonald’s by 1,547.1% in the fourth quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock valued at $179,715,000 after purchasing an additional 602,976 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of McDonald’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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $307.44 on Monday. The company has a fifty day moving average price of $312.29 and a two-hundred day moving average price of $302.76. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market cap of $219.83 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the previous year, the company earned $2.70 EPS. The business’s revenue was down 3.5% on a year-over-year basis. Research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent research reports. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Robert W. Baird lifted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Truist Financial set a $350.00 price objective on shares of McDonald’s in a report on Friday, May 2nd. TD Securities reiterated a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a report on Thursday. Finally, Northcoast Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $324.96.

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.