McDonald’s Co. (NYSE:MCD) Shares Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,297 shares of the fast-food giant’s stock after acquiring an additional 101 shares during the quarter. Trueblood Wealth Management LLC’s holdings in McDonald’s were worth $1,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of McDonald’s during the 4th quarter valued at $64,805,000. Revolve Wealth Partners LLC boosted its position in McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the 4th quarter valued at $27,000. Finally, Soltis Investment Advisors LLC grew its stake in McDonald’s by 2.7% in the 4th quarter. Soltis Investment Advisors LLC now owns 2,946 shares of the fast-food giant’s stock valued at $854,000 after buying an additional 77 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on MCD. Barclays boosted their target price 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. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler raised their target price on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Wedbush boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 price objective (up from $340.00) on shares of McDonald’s in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Hold” and an average price target of $321.79.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the company’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 transaction, the insider now owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 1.5%

Shares of NYSE MCD opened at $300.25 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm’s 50-day simple moving average is $311.79 and its 200 day simple moving average is $302.84. The company has a market cap of $214.69 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 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.