Financial Partners Group LLC Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Financial Partners Group LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 74.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,748 shares of the fast-food giant’s stock after purchasing an additional 745 shares during the period. Financial Partners Group LLC’s holdings in McDonald’s were worth $493,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Breakwater Capital Group increased its holdings in McDonald’s by 27.5% during the 1st quarter. Breakwater Capital Group now owns 1,213 shares of the fast-food giant’s stock worth $342,000 after purchasing an additional 262 shares during the period. Chatham Capital Group Inc. grew its position in shares of McDonald’s by 2.2% during the first quarter. Chatham Capital Group Inc. now owns 27,250 shares of the fast-food giant’s stock worth $7,683,000 after buying an additional 578 shares in the last quarter. D.B. Root & Company LLC increased its stake in shares of McDonald’s by 5.4% during the first quarter. D.B. Root & Company LLC now owns 6,014 shares of the fast-food giant’s stock worth $1,696,000 after buying an additional 310 shares during the period. Trilogy Capital Inc. raised its holdings in McDonald’s by 133.8% in the first quarter. Trilogy Capital Inc. now owns 1,665 shares of the fast-food giant’s stock valued at $469,000 after acquiring an additional 953 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in McDonald’s by 59.0% in the first quarter. Cornerstone Wealth Group LLC now owns 31,153 shares of the fast-food giant’s stock worth $8,784,000 after acquiring an additional 11,554 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 1.3 %

Shares of McDonald’s stock traded down $3.33 on Friday, reaching $254.84. 8,958,712 shares of the stock were exchanged, compared to its average volume of 3,556,529. The firm has a market capitalization of $183.66 billion, a PE ratio of 21.63, a PEG ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The business has a fifty day moving average price of $263.31 and a two-hundred day moving average price of $279.07.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) 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 business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period last year, the company posted $2.63 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Research analysts expect 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. Stockholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Activity

In related 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 transaction of $303,750.72. Following the sale, the insider now 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 can be accessed through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, 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 can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock worth $1,100,625 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MCD shares. Argus restated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. BMO Capital Markets decreased their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Wedbush dropped their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Truist Financial decreased their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Morgan Stanley dropped their price target 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. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.