Iams Wealth Management LLC Purchases 51 Shares of McDonald’s Co. (NYSE:MCD)

Iams Wealth Management LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,360 shares of the fast-food giant’s stock after acquiring an additional 51 shares during the period. Iams Wealth Management LLC’s holdings in McDonald’s were worth $1,582,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MCD. LaSalle St. Investment Advisors LLC boosted its stake in McDonald’s by 3.0% during the third quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock worth $437,000 after acquiring an additional 48 shares in the last quarter. Hodges Capital Management Inc. bought a new position in McDonald’s during the 3rd quarter valued at approximately $2,506,000. Becker Capital Management Inc. increased its position in McDonald’s by 1.5% during the 3rd quarter. Becker Capital Management Inc. now owns 4,859 shares of the fast-food giant’s stock valued at $1,280,000 after buying an additional 70 shares in the last quarter. Truist Financial Corp raised its stake in McDonald’s by 5.0% during the third quarter. Truist Financial Corp now owns 546,265 shares of the fast-food giant’s stock valued at $143,908,000 after buying an additional 25,984 shares during the last quarter. Finally, Shelton Capital Management grew its stake in shares of McDonald’s by 4.9% in the third quarter. Shelton Capital Management now owns 9,099 shares of the fast-food giant’s stock worth $2,397,000 after acquiring an additional 421 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock valued at $1,100,625 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of analyst reports. TD Cowen reiterated a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Thursday, June 13th. Citigroup cut their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Truist Financial cut their price objective 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. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, KeyCorp cut their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $313.89.

McDonald’s Stock Performance

MCD traded down $1.08 during trading on Tuesday, reaching $248.91. 1,114,960 shares of the company traded hands, compared to its average volume of 3,415,285. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The firm has a fifty day simple moving average of $263.31 and a 200 day simple moving average of $279.07. The company has a market cap of $179.38 billion, a P/E ratio of 21.15, a PEG ratio of 2.87 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

McDonald’s 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.