650 Shares in McDonald’s Corporation (NYSE:MCD) Acquired by Vicus Capital

Vicus Capital purchased a new stake in McDonald’s Corporation (NYSE:MCD) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 650 shares of the fast-food giant’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Brighton Jones LLC lifted its position in shares of McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in McDonald’s in the fourth quarter worth approximately $64,805,000. Revolve Wealth Partners LLC boosted its holdings in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of McDonald’s by 15.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock valued at $60,722,000 after acquiring an additional 27,774 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of McDonald’s by 9.5% in the fourth quarter. Principal Securities Inc. now owns 11,099 shares of the fast-food giant’s stock valued at $3,217,000 after purchasing an additional 966 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $292.35 on Wednesday. The stock has a 50 day simple moving average of $311.66 and a 200 day simple moving average of $302.95. McDonald’s Corporation has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a market capitalization of $209.04 billion, a PE ratio of 25.80, a P/E/G ratio of 3.09 and a beta of 0.56.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $2.70 EPS. Equities research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.42%. McDonald’s’s dividend payout ratio is 62.49%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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 note on Tuesday, June 10th. Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Morgan Stanley restated an “equal weight” rating and issued a $324.00 price target (down from $329.00) on shares of McDonald’s in a research report on Monday, June 9th. Finally, Piper Sandler increased their target price on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $321.79.

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.