TFB Advisors LLC Grows Holdings in McDonald’s Co. (NYSE:MCD)

TFB Advisors LLC raised its position in McDonald’s Co. (NYSE:MCD) by 81.4% during the first quarter, Holdings Channel.com reports. The firm owned 1,582 shares of the fast-food giant’s stock after buying an additional 710 shares during the period. TFB Advisors LLC’s holdings in McDonald’s were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Financial Gravity Asset Management Inc. lifted its holdings in McDonald’s by 250.1% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,362 shares of the fast-food giant’s stock valued at $359,000 after purchasing an additional 973 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in McDonald’s in the 3rd quarter valued at about $33,000. Savoie Capital LLC purchased a new position in McDonald’s in the 3rd quarter valued at about $824,000. Tompkins Financial Corp lifted its holdings in McDonald’s by 9.3% in the 3rd quarter. Tompkins Financial Corp now owns 42,516 shares of the fast-food giant’s stock valued at $11,200,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Brown Shipley& Co Ltd lifted its holdings in McDonald’s by 5.7% in the 3rd quarter. Brown Shipley& Co Ltd now owns 4,313 shares of the fast-food giant’s stock valued at $1,136,000 after purchasing an additional 231 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,593 shares of company stock valued at $1,472,518. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Truist Financial cut their price objective on shares of McDonald’s from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective on the stock. Finally, Guggenheim cut their price objective on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.82.

McDonald’s Trading Up 1.9 %

NYSE:MCD traded up $4.62 during trading hours on Wednesday, hitting $250.44. The stock had a trading volume of 4,090,692 shares, compared to its average volume of 3,436,493. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39. The business has a 50 day simple moving average of $259.67 and a two-hundred day simple moving average of $277.05. The company has a market cap of $180.49 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.79 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 for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the business posted $2.63 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts expect that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

About McDonald’s

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.