Retirement Guys Formula LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Retirement Guys Formula LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 28.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,445 shares of the fast-food giant’s stock after buying an additional 548 shares during the period. Retirement Guys Formula LLC’s holdings in McDonald’s were worth $689,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. New Century Financial Group LLC bought a new position in McDonald’s during the first quarter worth about $303,000. Tempus Wealth Planning LLC boosted its position in McDonald’s by 4.5% during the first quarter. Tempus Wealth Planning LLC now owns 1,155 shares of the fast-food giant’s stock worth $326,000 after purchasing an additional 50 shares during the period. Core Wealth Partners LLC boosted its position in McDonald’s by 4.2% during the first quarter. Core Wealth Partners LLC now owns 2,284 shares of the fast-food giant’s stock worth $644,000 after purchasing an additional 93 shares during the period. RBA Wealth Management LLC boosted its position in McDonald’s by 1.1% during the first quarter. RBA Wealth Management LLC now owns 15,653 shares of the fast-food giant’s stock worth $4,413,000 after purchasing an additional 164 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its position in McDonald’s by 9.7% during the first quarter. First Trust Direct Indexing L.P. now owns 24,052 shares of the fast-food giant’s stock worth $6,781,000 after purchasing an additional 2,128 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,593 shares of company stock valued at $1,472,518 over the last three months. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group cut their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. KeyCorp cut their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a research report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective for the company. Finally, Citigroup cut their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $313.89.

McDonald’s Trading Up 0.9 %

Shares of MCD stock traded up $2.21 during trading hours on Thursday, hitting $250.00. 2,026,070 shares of the company’s stock were exchanged, compared to its average volume of 3,639,543. The company has a market capitalization of $180.17 billion, a PE ratio of 21.22, a PEG ratio of 2.79 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’s 50 day simple moving average is $261.68 and its 200-day simple moving average is $278.32.

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

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

About McDonald’s

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.