Retirement Guys Formula LLC Has $689,000 Stake in McDonald’s Co. (NYSE:MCD)

Retirement Guys Formula LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 28.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,445 shares of the fast-food giant’s stock after buying an additional 548 shares during the period. Retirement Guys Formula LLC’s holdings in McDonald’s were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $2,684,899,000. Gallagher Fiduciary Advisors LLC grew its stake in shares of McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after acquiring an additional 987,099 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in McDonald’s by 552.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock valued at $234,729,000 after acquiring an additional 670,261 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.9 %

Shares of MCD traded up $2.21 during midday trading on Thursday, reaching $250.00. The stock had a trading volume of 2,026,070 shares, compared to its average volume of 3,639,543. The firm has a 50 day simple moving average of $261.68 and a 200-day simple moving average of $278.32. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a market cap of $180.17 billion, a PE ratio of 21.22, a P/E/G ratio of 2.79 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 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $2.63 EPS. As a group, research analysts forecast that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on MCD shares. Wedbush reduced their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Truist Financial reduced 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 note on Thursday, May 2nd. Robert W. Baird reduced their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley reduced their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Guggenheim reduced their price objective on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $313.89.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,593 shares of company stock valued at $1,472,518. Company insiders own 0.23% of the company’s stock.

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.