Chemistry Wealth Management LLC Raises Stock Position in McDonald’s Co. (NYSE:MCD)

Chemistry Wealth Management LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,423 shares of the fast-food giant’s stock after purchasing an additional 84 shares during the quarter. Chemistry Wealth Management LLC’s holdings in McDonald’s were worth $401,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other McDonald’s news, 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 value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock worth $1,100,625 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of McDonald’s stock traded up $0.45 during trading on Wednesday, reaching $257.83. The company’s stock had a trading volume of 2,716,462 shares, compared to its average volume of 3,391,649. The business’s fifty day moving average price is $264.15 and its 200-day moving average price is $279.82. 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 $185.81 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its 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). 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%. During the same period last year, the business earned $2.63 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. BMO Capital Markets cut their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Bank of America lowered their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Finally, The Goldman Sachs Group initiated coverage on shares of McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price on the stock. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $315.14.

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.