River Street Advisors LLC Raises Stock Holdings in McDonald’s Corporation (NYSE:MCD)

River Street Advisors LLC raised its position in McDonald’s Corporation (NYSE:MCD) by 5.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,517 shares of the fast-food giant’s stock after purchasing an additional 229 shares during the period. River Street Advisors LLC’s holdings in McDonald’s were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Brighton Jones LLC raised its stake in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of McDonald’s during the fourth quarter worth approximately $64,805,000. Revolve Wealth Partners LLC raised its stake in shares of McDonald’s by 2.8% during 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 during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of McDonald’s by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after purchasing an additional 27,774 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of McDonald’s by 4.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 880 shares of the fast-food giant’s stock worth $255,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MCD shares. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. BMO Capital Markets restated an “outperform” rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. TD Securities restated a “hold” rating and set a $305.00 price target on shares of McDonald’s in a research note on Thursday, June 5th. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Finally, Piper Sandler raised their target price on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $321.79.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald’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 completion of the sale, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Down 1.1%

Shares of MCD stock opened at $289.24 on Friday. McDonald’s Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market cap of $206.81 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.02 and a beta of 0.56. The business has a fifty day simple moving average of $311.02 and a 200-day simple moving average of $302.84.

McDonald’s (NYSE:MCD) last announced 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 195.27% and a net margin of 31.75%. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the business posted $2.70 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

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

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.