Phillips Wealth Planners LLC Purchases 333 Shares of McDonald’s Corporation (NYSE:MCD)

Phillips Wealth Planners LLC grew its position in shares of McDonald’s Corporation (NYSE:MCD) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,859 shares of the fast-food giant’s stock after acquiring an additional 333 shares during the period. McDonald’s comprises 1.2% of Phillips Wealth Planners LLC’s portfolio, making the stock its 16th largest position. Phillips Wealth Planners LLC’s holdings in McDonald’s were worth $1,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Granite Bay Wealth Management LLC raised its stake in shares of McDonald’s by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC increased its position in shares of McDonald’s by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC raised its stake in McDonald’s by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after buying an additional 33 shares in the last quarter. Northeast Financial Consultants Inc raised its stake in McDonald’s by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock worth $2,170,000 after buying an additional 34 shares in the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in McDonald’s by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock worth $2,535,000 after buying an additional 34 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MCD shares. Citigroup increased their price target on shares of McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Redburn Atlantic reissued a “sell” rating and issued a $260.00 price target (down from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Robert W. Baird increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $321.79.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,817 shares of company stock worth $865,843 over the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Down 2.0%

NYSE:MCD opened at $285.78 on Thursday. The company’s 50 day moving average price is $309.13 and its 200-day moving average price is $302.60. McDonald’s Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a market cap of $204.34 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.04 and a beta of 0.56.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The firm 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 company posted $2.70 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, 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. 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 2.48%. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

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.