Forum Financial Management LP Acquires 351 Shares of McDonald’s Co. (NYSE:MCD)

Forum Financial Management LP lifted its position in McDonald’s Co. (NYSE:MCD) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,894 shares of the fast-food giant’s stock after acquiring an additional 351 shares during the period. Forum Financial Management LP’s holdings in McDonald’s were worth $2,868,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Atala Financial Inc acquired a new stake in shares of McDonald’s during the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s in the 4th quarter valued at approximately $27,000. Collier Financial acquired a new position in McDonald’s during the 4th quarter worth approximately $29,000. Pinney & Scofield Inc. bought a new position in shares of McDonald’s during the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC raised its holdings in shares of McDonald’s by 110.0% in 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 during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $314.65 on Friday. The firm has a 50 day simple moving average of $311.68 and a two-hundred day simple moving average of $301.44. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company has a market cap of $224.99 billion, a P/E ratio of 27.63, a P/E/G ratio of 3.10 and a beta of 0.57.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MCD shares. Truist Financial set a $350.00 price objective on shares of McDonald’s in a research report on Friday, May 2nd. Piper Sandler raised their price objective on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Barclays upped their target price on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Citigroup increased their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $325.91.

Insider Buying and Selling

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the transaction, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,276 shares of company stock worth $4,419,385 in the last 90 days. Insiders own 0.25% of the company’s stock.

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.