E&G Advisors LP Buys 171 Shares of McDonald’s Co. (NYSE:MCD)

E&G Advisors LP increased its stake in McDonald’s Co. (NYSE:MCD) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,511 shares of the fast-food giant’s stock after acquiring an additional 171 shares during the period. E&G Advisors LP’s holdings in McDonald’s were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCD. LaSalle St. Investment Advisors LLC lifted its stake in shares of McDonald’s by 3.0% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock valued at $437,000 after acquiring an additional 48 shares during the last quarter. Shelton Capital Management raised its position in McDonald’s by 4.9% during the 3rd quarter. Shelton Capital Management now owns 9,099 shares of the fast-food giant’s stock valued at $2,397,000 after purchasing an additional 421 shares during the last quarter. Axxcess Wealth Management LLC raised its position in McDonald’s by 34.9% during the 3rd quarter. Axxcess Wealth Management LLC now owns 23,152 shares of the fast-food giant’s stock valued at $6,099,000 after purchasing an additional 5,994 shares during the last quarter. AXQ Capital LP bought a new position in McDonald’s during the 3rd quarter valued at approximately $948,000. Finally, Ameriprise Financial Inc. raised its position in McDonald’s by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock valued at $1,209,171,000 after purchasing an additional 199,657 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.9 %

MCD traded up $2.25 during trading on Wednesday, hitting $250.04. 2,026,063 shares of the company’s stock traded hands, compared to its average volume of 3,426,628. The company’s 50 day simple moving average is $262.22 and its two-hundred day simple moving average is $278.52. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock has a market capitalization of $180.20 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.87 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 the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.63 earnings per share. On average, equities analysts expect that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Dividend Announcement

The company 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 was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. McDonald’s’s payout ratio is 56.71%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCD. BMO Capital Markets lowered their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Guggenheim lowered their price target on McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley lowered their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Truist Financial reduced their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Bank of America reduced their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $313.89.

Insider Activity

In other news, 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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, 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 directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders have sold 5,593 shares of company stock valued at $1,472,518 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.