Stockman Wealth Management Inc. Has $613,000 Position in McDonald’s Co. (NYSE:MCD)

Stockman Wealth Management Inc. raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,964 shares of the fast-food giant’s stock after buying an additional 34 shares during the quarter. Stockman Wealth Management Inc.’s holdings in McDonald’s were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. QRG Capital Management Inc. grew its position in shares of McDonald’s by 5.8% during the 1st quarter. QRG Capital Management Inc. now owns 52,360 shares of the fast-food giant’s stock worth $16,356,000 after buying an additional 2,860 shares during the period. Sagespring Wealth Partners LLC grew its position in shares of McDonald’s by 22.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock valued at $5,381,000 after purchasing an additional 3,212 shares during the period. Precedent Wealth Partners LLC grew its position in shares of McDonald’s by 13.6% in the 1st quarter. Precedent Wealth Partners LLC now owns 6,533 shares of the fast-food giant’s stock valued at $2,041,000 after purchasing an additional 783 shares during the period. Adero Partners LLC grew its position in shares of McDonald’s by 7.9% in the 1st quarter. Adero Partners LLC now owns 969 shares of the fast-food giant’s stock valued at $303,000 after purchasing an additional 71 shares during the period. Finally, Sowell Financial Services LLC grew its position in shares of McDonald’s by 1.0% in the 1st quarter. Sowell Financial Services LLC now owns 24,083 shares of the fast-food giant’s stock valued at $7,523,000 after purchasing an additional 228 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

McDonald’s Stock Down 0.5%

Shares of McDonald’s stock opened at $301.57 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock 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. The business’s 50 day moving average is $311.95 and its 200-day moving average is $303.03.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting 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 business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the business earned $2.70 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Redburn Atlantic reiterated a “sell” rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Northcoast Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Robert W. Baird boosted their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, Argus downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, fifteen have given 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 a consensus price target of $321.79.

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.