Trueblood Wealth Management LLC Acquires 101 Shares of McDonald’s Co. (NYSE:MCD)

Trueblood Wealth Management LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.9% in the first quarter, Holdings Channel.com reports. The fund owned 5,297 shares of the fast-food giant’s stock after buying an additional 101 shares during the quarter. Trueblood Wealth Management LLC’s holdings in McDonald’s were worth $1,655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald’s during the fourth quarter worth $25,000. Atala Financial Inc bought a new position in McDonald’s during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the 4th quarter worth about $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter worth about $29,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of McDonald’s in the 4th quarter valued at about $29,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and cut their target price for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Wedbush lifted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Redburn Atlantic reiterated a “sell” rating and set a $260.00 target price (down from $319.00) on shares of McDonald’s in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average target price of $321.79.

McDonald’s Stock Down 1.5%

Shares of MCD stock opened at $300.25 on Wednesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company’s fifty day simple moving average is $311.79 and its 200-day simple moving average is $302.84. The firm has a market cap of $214.69 billion, a PE ratio of 26.36, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. 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 business earned $2.70 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business 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. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio is currently 62.49%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s 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.