Iams Wealth Management LLC Has $1.58 Million Holdings in McDonald’s Co. (NYSE:MCD)

Iams Wealth Management LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 1.0% in the first quarter, Holdings Channel.com reports. The firm owned 5,360 shares of the fast-food giant’s stock after purchasing an additional 51 shares during the quarter. Iams Wealth Management LLC’s holdings in McDonald’s were worth $1,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LaSalle St. Investment Advisors LLC boosted its stake in shares of McDonald’s by 3.0% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock worth $437,000 after buying an additional 48 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in shares of McDonald’s during the 3rd quarter worth about $2,506,000. Becker Capital Management Inc. boosted its stake in shares of McDonald’s by 1.5% during the 3rd quarter. Becker Capital Management Inc. now owns 4,859 shares of the fast-food giant’s stock worth $1,280,000 after buying an additional 70 shares during the last quarter. Truist Financial Corp boosted its stake in shares of McDonald’s by 5.0% during the 3rd quarter. Truist Financial Corp now owns 546,265 shares of the fast-food giant’s stock worth $143,908,000 after buying an additional 25,984 shares during the last quarter. Finally, Shelton Capital Management boosted its stake in shares of McDonald’s by 4.9% during the 3rd quarter. Shelton Capital Management now owns 9,099 shares of the fast-food giant’s stock worth $2,397,000 after buying an additional 421 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MCD shares. Bank of America cut their target price on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Guggenheim cut their target price on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup cut their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Finally, BMO Capital Markets cut their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $313.89.

McDonald’s Stock Performance

MCD traded down $1.08 during midday trading on Tuesday, reaching $248.91. The company had a trading volume of 1,114,960 shares, compared to its average volume of 3,415,285. The stock has a market cap of $179.38 billion, a PE ratio of 21.15, a P/E/G ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The business has a 50-day moving average price of $263.31 and a two-hundred day moving average price of $279.07.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.63 earnings per share. On average, research analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,095 shares of company stock valued at $1,100,625. Company insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.