FORM Wealth Advisors LLC Makes New $1.30 Million Investment in McDonald’s Corporation (NYSE:MCD)

FORM Wealth Advisors LLC acquired a new stake in McDonald’s Corporation (NYSE:MCD) during the first quarter, Holdings Channel.com reports. The firm acquired 4,169 shares of the fast-food giant’s stock, valued at approximately $1,302,000. McDonald’s accounts for 0.2% of FORM Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Norges Bank acquired a new position in shares of McDonald’s in the 4th quarter valued at about $2,725,190,000. GAMMA Investing LLC lifted its stake in shares of McDonald’s by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock valued at $1,092,645,000 after purchasing an additional 3,488,982 shares during the period. Raymond James Financial Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at about $703,074,000. Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at about $350,935,000. 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. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider now owns 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 2,817 shares of company stock worth $865,843 in the last 90 days. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 0.7%

Shares of NYSE MCD opened at $289.42 on Tuesday. McDonald’s Corporation has a twelve month low of $243.53 and a twelve month high of $326.32. The stock’s 50 day moving average price is $310.02 and its 200-day moving average price is $302.79. The company has a market capitalization of $206.94 billion, a PE ratio of 25.54, a PEG ratio of 3.00 and a beta of 0.56.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting 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 firm 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 revenue was down 3.5% compared to the same quarter last year. As a group, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCD. Northcoast Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. KeyCorp boosted their target price on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $324.00 target price (down from $329.00) on shares of McDonald’s in a research report on Monday, June 9th. Piper Sandler boosted their target price on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 target price (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $321.79.

About McDonald’s

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.