Powers Advisory Group LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Powers Advisory Group LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the 1st quarter, HoldingsChannel reports. The fund owned 6,446 shares of the fast-food giant’s stock after acquiring an additional 122 shares during the quarter. McDonald’s makes up 1.0% of Powers Advisory Group LLC’s investment portfolio, making the stock its 19th biggest position. Powers Advisory Group LLC’s holdings in McDonald’s were worth $2,014,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MCD. Vanguard Group Inc. grew its holdings in shares of McDonald’s by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of McDonald’s by 1.0% in the fourth 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 grew its holdings in shares of McDonald’s by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after purchasing an additional 531,070 shares during the last quarter. Norges Bank bought a new position in shares of McDonald’s in the fourth quarter worth approximately $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 valued at $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Friday, May 23rd. The stock was 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 approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

McDonald’s Price Performance

MCD opened at $301.57 on Friday. The stock has a 50-day moving average price of $311.95 and a 200-day moving average price of $302.92. The firm has a market cap of $215.63 billion, a PE ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.70 EPS. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 2.35%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays lifted their price target on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a $324.00 price target (down previously from $329.00) on shares of McDonald’s in a report on Monday, June 9th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Truist Financial set a $350.00 price target on shares of McDonald’s in a report on Friday, May 2nd. Finally, Piper Sandler lifted their price target on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $321.79.

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.