Integrated Advisors Network LLC Reduces Stock Holdings in McDonald’s Co. (NYSE:MCD)

Integrated Advisors Network LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,579 shares of the fast-food giant’s stock after selling 119 shares during the quarter. Integrated Advisors Network LLC’s holdings in McDonald’s were worth $1,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of McDonald’s in the fourth quarter valued at $2,725,190,000. GAMMA Investing LLC raised its position in McDonald’s by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares during the period. Raymond James Financial Inc. purchased a new stake in McDonald’s in the 4th quarter worth about $703,074,000. Castlekeep Investment Advisors LLC bought a new stake in McDonald’s in the fourth quarter worth about $350,935,000. Finally, Northern Trust Corp boosted its position in shares of 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 valued at $2,570,511,000 after buying an additional 895,896 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.5%

MCD stock opened at $301.93 on Thursday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The business’s 50-day moving average is $311.84 and its 200 day moving average is $302.83. The stock has a market cap of $215.89 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (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 firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Co. will post 12.25 EPS 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 issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s payout ratio is 62.49%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays increased their target price on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. TD Securities restated a “hold” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 5th. Piper Sandler boosted their price target on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Truist Financial set a $350.00 price objective on McDonald’s in a research note on Friday, May 2nd. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $321.79.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. This represents a 7.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.