662 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Howard Bailey Securities LLC

Howard Bailey Securities LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 662 shares of the fast-food giant’s stock, valued at approximately $207,000.

Several other large investors have also recently modified their holdings of MCD. Norges Bank bought a new position in McDonald’s during the fourth quarter valued at $2,725,190,000. GAMMA Investing LLC boosted its position in shares of McDonald’s by 39,039.7% during the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock valued at $1,092,645,000 after buying an additional 3,488,982 shares during the period. Raymond James Financial Inc. bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $703,074,000. Castlekeep Investment Advisors LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $350,935,000. Finally, Northern Trust Corp boosted its holdings in McDonald’s by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after acquiring an additional 895,896 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday. KeyCorp lifted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Piper Sandler boosted their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. TD Securities reaffirmed a “hold” rating and set a $305.00 target price on shares of McDonald’s in a research report on Thursday, June 5th. Finally, Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and lowered their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $321.79.

McDonald’s Stock Performance

NYSE:MCD opened at $301.57 on Monday. The company’s 50-day simple moving average is $311.95 and its 200-day simple moving average is $303.03. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market capitalization 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 announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.70 earnings per share. On average, research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.35%. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated 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 owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

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.