Claro Advisors LLC Acquires 452 Shares of McDonald’s Co. (NYSE:MCD)

Claro Advisors LLC increased its position in McDonald’s Co. (NYSE:MCD) by 3.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,859 shares of the fast-food giant’s stock after buying an additional 452 shares during the period. Claro Advisors LLC’s holdings in McDonald’s were worth $3,908,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MCD. Signature Resources Capital Management LLC bought a new position in McDonald’s in the 4th quarter worth $31,000. Spartan Planning & Wealth Management purchased a new stake in McDonald’s in the 3rd quarter worth $33,000. Clear Investment Research LLC purchased a new stake in McDonald’s in the 4th quarter worth $38,000. Keener Financial Planning LLC purchased a new stake in McDonald’s in the 4th quarter worth $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in McDonald’s in the 4th quarter worth $39,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Stifel Nicolaus decreased their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Morgan Stanley decreased their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Finally, Truist Financial decreased their target price on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $315.14.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,095 shares of company stock worth $1,100,625. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD traded down $4.85 on Monday, hitting $249.99. The stock had a trading volume of 3,742,143 shares, compared to its average volume of 3,433,084. The business’s fifty day moving average price is $263.31 and its 200 day moving average price is $279.07. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a market cap of $180.16 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the firm posted $2.63 earnings per share. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. McDonald’s’s payout ratio is currently 56.71%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.