10,617 Shares in McDonald’s Corporation $MCD Purchased by Vertrix Wealth Management LLC

Vertrix Wealth Management LLC acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) during the 1st quarter, Holdings Channel.com reports. The fund acquired 10,617 shares of the fast-food giant’s stock, valued at approximately $3,300,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $2,890,438,000. Diamant Asset Management Inc. increased its position in McDonald’s by 30,979.0% during the 1st quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock valued at $806,917,000 after buying an additional 2,587,986 shares in the last quarter. J. Stern & Co. LLP raised its stake in McDonald’s by 9,867.5% during the fourth quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant’s stock valued at $776,608,000 after buying an additional 2,515,515 shares during the last quarter. Viking Global Investors LP raised its stake in McDonald’s by 171.7% during the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock valued at $913,157,000 after buying an additional 1,974,998 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in McDonald’s by 36.6% in the third quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock worth $1,336,155,000 after acquiring an additional 1,179,244 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. This trade represents a 30.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the sale, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,307 shares of company stock valued at $3,262,622 over the last quarter. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. Morgan Stanley set a $331.00 price target on McDonald’s in a report on Friday, May 8th. Tigress Financial increased their price objective on shares of McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Weiss Ratings lowered shares of McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Erste Group Bank cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Barclays dropped their target price on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $335.70.

McDonald’s Price Performance

MCD stock opened at $269.78 on Thursday. The stock has a market capitalization of $191.68 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.69 and a beta of 0.41. McDonald’s Corporation has a 1-year low of $264.53 and a 1-year high of $341.75. The business has a fifty day moving average price of $281.07 and a 200-day moving average price of $303.64.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The company had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the firm posted $2.67 earnings per share. McDonald’s’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.86 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.8%. McDonald’s’s payout ratio is currently 61.34%.

Trending Headlines about McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s is nearing Dividend King status, and its dividend yield has risen to nearly 2.8%, which may attract income-focused investors looking to accumulate shares at lower levels. This Wannabe Dividend King Had a Tough H1. Expect Some Relief in H2.
• Positive Sentiment: Wall Street brokerage sentiment remains constructive, with the average recommendation on McDonald’s still effectively a Buy, reinforcing the view that analysts see upside from current levels. Brokers Suggest Investing in McDonald’s (MCD): Read This Before Placing a Bet
• Positive Sentiment: McDonald’s hired Bryan Brown as U.S. chief development officer, a move that could support domestic expansion and long-term growth. McDonald’s names Bryan Brown U.S. chief development officer
• Positive Sentiment: Articles highlighting McDonald’s stock as potentially having “hit bottom” may be encouraging bargain-hunting after the recent weakness. McDonald’s Corp Stock May Have Hit Bottom – Ways to Play MCD Stock
• Neutral Sentiment: Promotions such as discounted Big Macs, FIFA collectibles, and menu nostalgia pieces may help brand engagement, but they are unlikely to move the stock materially on their own.
• Negative Sentiment: One article says McDonald’s remains close to 52-week lows because of margin pressure from franchises and weakening foot traffic, which is the main bearish narrative weighing on the shares. Should You Buy McDonald’s (MCD) At 52-Week Lows
• Negative Sentiment: Customer complaints about hidden upcharges and dissatisfaction with new menu items could add to concerns about pricing backlash and weaker consumer sentiment. McDonald’s customers furious to discover new hidden upcharge on classic menu item: ‘That’s really shady’

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.