Southland Equity Partners LLC Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Southland Equity Partners LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,696 shares of the fast-food giant’s stock after purchasing an additional 34 shares during the period. McDonald’s accounts for about 1.5% of Southland Equity Partners LLC’s holdings, making the stock its 15th biggest position. Southland Equity Partners LLC’s holdings in McDonald’s were worth $6,465,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MCD. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald’s in the fourth quarter worth about $25,000. Atala Financial Inc purchased a new position in shares of McDonald’s in the fourth quarter worth about $26,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald’s in the fourth quarter worth about $29,000. Fairway Wealth LLC increased its stake 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 worth $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $301.57 on Friday. The firm has a market cap of $215.63 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a 50 day moving average price of $311.95 and a 200-day moving average price of $302.92.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date 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 62.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MCD shares. Piper Sandler lifted their target price on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. TD Securities reiterated a “hold” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 5th. Truist Financial set a $350.00 price objective on shares of McDonald’s in a research note on Friday, May 2nd. Citigroup boosted their price objective on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, KeyCorp boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $321.79.

McDonald’s 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.