CFO4Life Group LLC Increases Holdings in McDonald’s Co. (NYSE:MCD)

CFO4Life Group LLC raised its stake in McDonald’s Co. (NYSE:MCD) by 55.4% in the first quarter, HoldingsChannel reports. The fund owned 2,907 shares of the fast-food giant’s stock after purchasing an additional 1,036 shares during the period. CFO4Life Group LLC’s holdings in McDonald’s were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Braun Stacey Associates Inc. grew its stake in McDonald’s by 3.4% during the 3rd quarter. Braun Stacey Associates Inc. now owns 6,100 shares of the fast-food giant’s stock worth $1,607,000 after buying an additional 200 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in shares of McDonald’s during the third quarter worth about $3,499,000. Invst LLC lifted its stake in shares of McDonald’s by 49.2% in the third quarter. Invst LLC now owns 1,401 shares of the fast-food giant’s stock worth $369,000 after acquiring an additional 462 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of McDonald’s by 11.7% in the third quarter. Public Sector Pension Investment Board now owns 78,063 shares of the fast-food giant’s stock worth $20,565,000 after acquiring an additional 8,152 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. acquired a new stake in McDonald’s during the third quarter valued at approximately $5,163,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’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 completion of the sale, the insider now directly 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 at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the 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 approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,593 shares of company stock worth $1,472,518. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD Cowen reiterated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 13th. Evercore ISI restated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a report on Wednesday, March 27th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Guggenheim reduced their target price on McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. reduced their target price on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $312.11.

McDonald’s Stock Up 0.4 %

Shares of MCD traded up $1.10 during mid-day trading on Friday, hitting $255.90. 2,224,976 shares of the company’s stock were exchanged, compared to its average volume of 3,443,280. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39. The stock’s 50-day simple moving average is $258.82 and its 200-day simple moving average is $276.71. The firm has a market cap of $184.42 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted 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). The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.63 EPS. Analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.61%. McDonald’s’s dividend payout ratio (DPR) is presently 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.