Oak Thistle LLC Purchases New Holdings in McDonald’s Co. (NYSE:MCD)

Oak Thistle LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,081 shares of the fast-food giant’s stock, valued at approximately $869,000. McDonald’s accounts for approximately 0.8% of Oak Thistle LLC’s portfolio, making the stock its 6th largest position.

A number of other large investors also recently bought and sold shares of the business. Dominguez Wealth Management Solutions Inc. raised its holdings in McDonald’s by 8.1% in the first quarter. Dominguez Wealth Management Solutions Inc. now owns 3,440 shares of the fast-food giant’s stock worth $970,000 after buying an additional 257 shares during the last quarter. Claro Advisors LLC raised its holdings in McDonald’s by 3.4% in the first quarter. Claro Advisors LLC now owns 13,859 shares of the fast-food giant’s stock worth $3,908,000 after buying an additional 452 shares during the last quarter. Talbot Financial LLC raised its holdings in McDonald’s by 4.4% in the first quarter. Talbot Financial LLC now owns 25,799 shares of the fast-food giant’s stock worth $7,274,000 after buying an additional 1,078 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in McDonald’s by 0.9% in the first quarter. Miracle Mile Advisors LLC now owns 53,108 shares of the fast-food giant’s stock worth $14,974,000 after buying an additional 491 shares during the last quarter. Finally, Horizon Wealth Management LLC raised its holdings in McDonald’s by 55.8% in the first quarter. Horizon Wealth Management LLC now owns 3,751 shares of the fast-food giant’s stock worth $1,057,000 after buying an additional 1,343 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wedbush decreased their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Stifel Nicolaus reduced their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Finally, Truist Financial reduced their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

McDonald’s Stock Down 1.9 %

NYSE:MCD traded down $4.85 during trading hours on Monday, hitting $249.99. 3,737,323 shares of the stock traded hands, compared to its average volume of 3,433,084. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The company 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. The stock has a 50 day moving average price of $263.31 and a 200 day moving average price of $279.07.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the firm earned $2.63 EPS. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

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

Insider Transactions at McDonald’s

In other news, 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’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 sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,095 shares of company stock valued at $1,100,625. 0.23% of the stock is currently owned by corporate insiders.

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.