Massmutual Trust Co. FSB ADV Boosts Stock Position in McDonald’s Co. (NYSE:MCD)

Massmutual Trust Co. FSB ADV raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.5% in the 1st quarter, Holdings Channel reports. The fund owned 117,967 shares of the fast-food giant’s stock after acquiring an additional 1,706 shares during the quarter. McDonald’s accounts for approximately 1.0% of Massmutual Trust Co. FSB ADV’s portfolio, making the stock its 22nd biggest position. Massmutual Trust Co. FSB ADV’s holdings in McDonald’s were worth $33,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Signature Resources Capital Management LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $31,000. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $33,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $38,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $39,000. Finally, Keener Financial Planning LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $39,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Up 0.6 %

Shares of MCD stock traded up $1.40 during mid-day trading on Thursday, hitting $252.19. 371,071 shares of the company’s stock were exchanged, compared to its average volume of 3,310,523. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The stock has a 50-day simple moving average of $264.89 and a two-hundred day simple moving average of $280.67. The stock has a market cap of $181.75 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.82 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the business earned $2.63 EPS. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed 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. This represents a $6.68 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Insiders have sold 4,096 shares of company stock worth $1,127,678 over the last quarter. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Evercore ISI restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Truist Financial lowered their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Bank of America lowered their price target on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Finally, Wedbush lowered their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $315.14.

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.