Long Run Wealth Advisors LLC Acquires 39 Shares of McDonald’s Co. (NYSE:MCD)

Long Run Wealth Advisors LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 5.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 778 shares of the fast-food giant’s stock after buying an additional 39 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in McDonald’s were worth $243,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s in the fourth quarter worth about $25,000. Atala Financial Inc bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. bought a new position in McDonald’s in the 4th quarter worth approximately $29,000. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wedbush increased their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. KeyCorp upped their price target on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Morgan Stanley dropped their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Finally, Piper Sandler raised their target price on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Stock Down 0.0%

Shares of MCD stock opened at $312.68 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a fifty day moving average of $312.39 and a 200-day moving average of $302.27. The firm has a market capitalization of $223.57 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insider Activity at McDonald’s

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

About McDonald’s

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.