McDonald’s Co. (NYSE:MCD) Position Lessened by Advance Capital Management Inc.

Advance Capital Management Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,028 shares of the fast-food giant’s stock after selling 49 shares during the quarter. Advance Capital Management Inc.’s holdings in McDonald’s were worth $946,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in McDonald’s by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after acquiring an additional 526,466 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of McDonald’s by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after purchasing an additional 157,458 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of McDonald’s by 5.2% during the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock valued at $3,088,037,000 after purchasing an additional 531,070 shares in the last quarter. Norges Bank acquired a new stake in shares of McDonald’s in the 4th quarter valued at $2,725,190,000. Finally, Northern Trust Corp boosted its holdings in McDonald’s by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MCD. Northcoast Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Robert W. Baird boosted their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Piper Sandler increased their price target on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, KeyCorp lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $325.91.

McDonald’s Stock Performance

NYSE MCD opened at $313.68 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market cap of $224.29 billion, a PE ratio of 27.54, a PEG ratio of 3.10 and a beta of 0.57. The firm has a 50-day simple moving average of $312.40 and a 200 day simple moving average of $302.03.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the firm posted $2.70 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald’s’s dividend payout ratio (DPR) is currently 62.49%.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.