Clarius Group LLC Buys 619 Shares of McDonald’s Corporation (NYSE:MCD)

Clarius Group LLC raised its stake in McDonald’s Corporation (NYSE:MCD) by 10.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,506 shares of the fast-food giant’s stock after buying an additional 619 shares during the period. Clarius Group LLC’s holdings in McDonald’s were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. TD Securities reiterated a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 5th. Erste Group Bank lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $324.00 price objective (down previously from $329.00) on shares of McDonald’s in a research report on Monday, June 9th. Finally, Barclays lifted their target price on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $321.79.

McDonald’s Price Performance

Shares of MCD opened at $292.35 on Wednesday. The company’s fifty day moving average price is $311.66 and its 200-day moving average price is $302.95. McDonald’s Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market capitalization of $209.04 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 3.09 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 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the business earned $2.70 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced 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 2.42%. McDonald’s’s dividend payout ratio is currently 62.49%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were 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 directly owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by corporate insiders.

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.