Abel Hall LLC Takes $364,000 Position in McDonald’s Co. (NYSE:MCD)

Abel Hall LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,229 shares of the fast-food giant’s stock, valued at approximately $364,000.

Other large investors have also recently modified their holdings of the company. Roffman Miller Associates Inc. PA increased its position in shares of McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after buying an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC increased its position in shares of McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after buying an additional 114 shares during the period. Aigen Investment Management LP acquired a new stake in shares of McDonald’s during the fourth quarter worth $4,286,000. Strait & Sound Wealth Management LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $211,000. Finally, First National Bank of Mount Dora Trust Investment Services increased its position in shares of McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after buying an additional 301 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Truist Financial reduced their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. KeyCorp reduced their price target on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a report on Thursday. They issued a “neutral” rating and a $288.00 price target for the company. Finally, Robert W. Baird dropped their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $315.14.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 4,096 shares of company stock valued at $1,127,678 over the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD traded down $0.12 during midday trading on Friday, reaching $253.58. The company had a trading volume of 2,806,560 shares, compared to its average volume of 3,355,420. The stock has a market cap of $182.75 billion, a PE ratio of 21.53, a P/E/G ratio of 2.86 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The business has a 50-day moving average price of $265.90 and a two-hundred day moving average price of $281.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the firm earned $2.63 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts anticipate that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.