Inman Jager Wealth Management LLC Raises Stock Holdings in McDonald’s Corporation (NYSE:MCD)

Inman Jager Wealth Management LLC raised its holdings in McDonald’s Corporation (NYSE:MCD) by 2.8% during the 1st quarter, Holdings Channel reports. The firm owned 4,908 shares of the fast-food giant’s stock after buying an additional 132 shares during the quarter. McDonald’s makes up about 1.1% of Inman Jager Wealth Management LLC’s holdings, making the stock its 25th largest holding. Inman Jager Wealth Management LLC’s holdings in McDonald’s were worth $1,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mascagni Wealth Management Inc. acquired a new stake in McDonald’s in the 4th quarter valued at $25,000. Atala Financial Inc acquired a new position in McDonald’s during the fourth quarter worth $26,000. Pinney & Scofield Inc. purchased a new position in McDonald’s during the fourth quarter valued at $29,000. Fairway Wealth LLC lifted its holdings in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

NYSE:MCD opened at $285.78 on Thursday. The company’s 50-day moving average is $309.13 and its two-hundred day moving average is $302.60. McDonald’s Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market capitalization of $204.34 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.04 and a beta of 0.56.

McDonald’s (NYSE:MCD) last released 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. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 EPS. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.48%. McDonald’s’s dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MCD. Barclays upped their price target on shares of McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Redburn Atlantic reiterated a “sell” rating and set a $260.00 price objective (down from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. KeyCorp raised their target price on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Finally, TD Securities reiterated a “hold” rating and set a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $321.79.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. The trade was a 7.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 in the last quarter. Insiders own 0.25% of the company’s stock.

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.