L. Roy Papp & Associates LLP Has $2.58 Million Holdings in McDonald’s Co. (NYSE:MCD)

L. Roy Papp & Associates LLP lifted its holdings in McDonald’s Co. (NYSE:MCD) by 0.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,254 shares of the fast-food giant’s stock after acquiring an additional 50 shares during the period. L. Roy Papp & Associates LLP’s holdings in McDonald’s were worth $2,578,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Vanguard Group Inc. lifted its position in McDonald’s by 0.8% during 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 period. Geode Capital Management LLC lifted its position in McDonald’s by 1.0% during 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 period. Capital Research Global Investors lifted its position in McDonald’s by 5.2% during 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 period. Norges Bank bought a new stake in McDonald’s during the fourth quarter worth about $2,725,190,000. Finally, Northern Trust Corp lifted its position in McDonald’s by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. Piper Sandler upped their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. TD Securities reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Erste Group Bank cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Citigroup increased their target price on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Truist Financial set a $350.00 target price on shares of McDonald’s in a report on Friday, May 2nd. Twelve research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $325.91.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.2%

Shares of NYSE:MCD opened at $311.70 on Thursday. The stock’s fifty day simple moving average is $312.49 and its two-hundred day simple moving average is $302.34. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a market cap of $222.88 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the business earned $2.70 EPS. The business’s revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that McDonald’s Co. 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 will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s payout ratio is 62.49%.

McDonald’s Company 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.