Franklin Street Advisors Inc. NC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Franklin Street Advisors Inc. NC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,985 shares of the fast-food giant’s stock after purchasing an additional 1,161 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in McDonald’s were worth $5,306,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Granite Bay Wealth Management LLC increased its position in shares of McDonald’s by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after buying an additional 33 shares in the last quarter. Northeast Financial Consultants Inc increased its position in shares of McDonald’s by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock valued at $2,170,000 after buying an additional 34 shares in the last quarter. Tealwood Asset Management Inc. increased its position in shares of McDonald’s by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock valued at $2,535,000 after buying an additional 34 shares in the last quarter. Pettee Investors Inc. increased its position in McDonald’s by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after purchasing an additional 35 shares in the last quarter. Finally, Covestor Ltd increased its position in McDonald’s by 4.1% during the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock worth $261,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on MCD shares. Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Barclays lifted their price objective on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, Truist Financial set a $350.00 price objective on McDonald’s in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $321.79.

McDonald’s Price Performance

NYSE MCD opened at $300.25 on Wednesday. The business’s 50-day simple moving average is $311.79 and its 200-day simple moving average is $302.84. The firm has a market capitalization of $214.69 billion, a P/E ratio of 26.36, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The firm 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%. McDonald’s’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.70 EPS. On average, equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

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.