McDonald’s Co. (NYSE:MCD) Shares Purchased by IAG Wealth Partners LLC

IAG Wealth Partners LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 38.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545 shares of the fast-food giant’s stock after purchasing an additional 150 shares during the period. IAG Wealth Partners LLC’s holdings in McDonald’s were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. acquired a new position in McDonald’s during the fourth quarter worth about $25,000. Atala Financial Inc acquired a new position in McDonald’s during the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in McDonald’s during the fourth quarter worth about $29,000. Fairway Wealth LLC raised its position in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald’s during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. Loop Capital downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and lowered their price target for the stock from $346.00 to $315.00 in a report on Friday, June 6th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $321.79.

McDonald’s Stock Down 0.5%

MCD opened at $301.57 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company has a 50 day moving average of $311.95 and a two-hundred day moving average of $302.92. The company has a market cap of $215.63 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 earned $2.70 earnings per share. McDonald’s’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. McDonald’s’s payout ratio is currently 62.49%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.