Shepherd Financial Partners LLC Buys 200 Shares of McDonald’s Corporation (NYSE:MCD)

Shepherd Financial Partners LLC lifted its stake in McDonald’s Corporation (NYSE:MCD) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,194 shares of the fast-food giant’s stock after purchasing an additional 200 shares during the period. Shepherd Financial Partners LLC’s holdings in McDonald’s were worth $2,872,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MCD. Vanguard Group Inc. grew its position in shares of McDonald’s by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after buying an additional 526,466 shares during the period. Geode Capital Management LLC grew its holdings in McDonald’s by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after acquiring an additional 157,458 shares during the period. Capital Research Global Investors grew its holdings in McDonald’s by 5.2% during the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after acquiring an additional 531,070 shares during the period. Norges Bank bought a new stake in shares of McDonald’s during the 4th quarter valued at $2,725,190,000. Finally, Northern Trust Corp lifted its stake in shares of McDonald’s by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 1.3%

Shares of MCD stock opened at $292.35 on Wednesday. McDonald’s Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The company’s fifty day simple moving average is $311.66 and its 200-day simple moving average is $302.95. The firm has a market cap of $209.04 billion, a PE ratio of 25.80, a P/E/G ratio of 3.09 and a beta of 0.56.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.42%. McDonald’s’s payout ratio is presently 62.49%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MCD shares. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Citigroup upped their price target on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Piper Sandler raised their price objective on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Robert W. Baird lifted their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $321.79.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on 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 sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is currently 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.