Defined Financial Planning LLC Purchases 419 Shares of McDonald’s Co. (NYSE:MCD)

Defined Financial Planning LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 21.5% during the 1st quarter, Holdings Channel reports. The firm owned 2,365 shares of the fast-food giant’s stock after buying an additional 419 shares during the period. McDonald’s makes up approximately 0.8% of Defined Financial Planning LLC’s investment portfolio, making the stock its 26th biggest position. Defined Financial Planning LLC’s holdings in McDonald’s were worth $742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mattern Capital Management LLC boosted its stake in McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank increased its holdings in shares of McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after acquiring an additional 371 shares in the last quarter. Integral Investment Advisors Inc. increased its stake in McDonald’s by 2.6% during the 4th 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 in the last quarter. Aviva PLC raised its holdings in McDonald’s by 5.6% in the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after buying an additional 23,024 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of McDonald’s by 1,547.1% during 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 buying an additional 602,976 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $301.93 on Thursday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The company has a 50 day simple moving average of $311.84 and a two-hundred day simple moving average of $302.83. The firm has a market cap of $215.89 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The stock was 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 in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCD. BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Barclays increased their price objective on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. KeyCorp upped their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Finally, Robert W. Baird lifted their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, McDonald’s presently has an average rating of “Hold” and a consensus target price of $321.79.

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.