ORG Wealth Partners LLC Boosts Stock Holdings in McDonald’s Corporation (NYSE:MCD)

ORG Wealth Partners LLC boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 78.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,922 shares of the fast-food giant’s stock after buying an additional 1,289 shares during the period. ORG Wealth Partners LLC’s holdings in McDonald’s were worth $917,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MCD. Mattern Capital Management LLC boosted its holdings in shares of McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares during the last quarter. Bell Bank boosted its holdings in shares of McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares during the last quarter. Integral Investment Advisors Inc. boosted its holdings in shares of McDonald’s by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after purchasing an additional 164 shares during the last quarter. Aviva PLC boosted its holdings in shares of McDonald’s by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after purchasing an additional 23,024 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of McDonald’s by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock worth $5,381,000 after purchasing an additional 3,212 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

McDonald’s Trading Down 1.1%

Shares of NYSE MCD opened at $289.24 on Thursday. The business’s fifty day simple moving average is $311.36 and its 200-day simple moving average is $302.86. The stock has a market cap of $206.81 billion, a P/E ratio of 25.53, a PEG ratio of 3.05 and a beta of 0.56. McDonald’s Corporation has a 12-month low of $243.53 and a 12-month high of $326.32.

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, hitting the consensus estimate of $2.67. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.45%. McDonald’s’s payout ratio is currently 62.49%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MCD. BTIG Research restated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Barclays boosted their target price on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Redburn Atlantic reiterated a “sell” rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Finally, Truist Financial set a $350.00 price objective on McDonald’s in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.