Family Firm Inc. Acquires 85 Shares of McDonald’s Corporation (NYSE:MCD)

Family Firm Inc. grew its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 7.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,220 shares of the fast-food giant’s stock after buying an additional 85 shares during the period. Family Firm Inc.’s holdings in McDonald’s were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fort Sheridan Advisors LLC boosted its position in McDonald’s by 6.6% during the first quarter. Fort Sheridan Advisors LLC now owns 744 shares of the fast-food giant’s stock worth $232,000 after purchasing an additional 46 shares during the period. Focused Wealth Management Inc bought a new position in McDonald’s during the first quarter worth about $259,000. Stillwater Wealth Management Group boosted its position in McDonald’s by 6.9% during the first quarter. Stillwater Wealth Management Group now owns 9,756 shares of the fast-food giant’s stock worth $3,048,000 after purchasing an additional 632 shares during the period. Rational Advisors Inc. bought a new position in McDonald’s during the first quarter worth about $1,989,000. Finally, SkyOak Wealth LLC boosted its position in McDonald’s by 0.8% during the first quarter. SkyOak Wealth LLC now owns 6,728 shares of the fast-food giant’s stock worth $2,102,000 after purchasing an additional 56 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MCD shares. Robert W. Baird raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. KeyCorp cut their price objective on shares of McDonald’s from $340.00 to $325.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. BMO Capital Markets restated an “outperform” rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. TD Securities restated a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 5th. Finally, Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Hold” and a consensus target price of $322.29.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider directly owned 10,222 shares of the company’s stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,817 shares of company stock worth $1,165,843. 0.25% of the stock is owned by insiders.

McDonald’s Stock Performance

MCD stock opened at $299.80 on Friday. The company has a market capitalization of $214.37 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. McDonald’s Corporation has a one year low of $246.12 and a one year high of $326.32. The company’s 50 day moving average price is $304.11 and its two-hundred day moving average price is $302.48.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS 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 company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s payout ratio 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.