KFA Private Wealth Group LLC Raises Position in McDonald’s Co. (NYSE:MCD)

KFA Private Wealth Group LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,276 shares of the fast-food giant’s stock after buying an additional 54 shares during the period. KFA Private Wealth Group LLC’s holdings in McDonald’s were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JT Stratford LLC lifted its holdings in shares of McDonald’s by 2.4% during the third quarter. JT Stratford LLC now owns 2,720 shares of the fast-food giant’s stock valued at $717,000 after purchasing an additional 64 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of McDonald’s by 14.3% during the third quarter. Sei Investments Co. now owns 292,687 shares of the fast-food giant’s stock valued at $77,105,000 after purchasing an additional 36,657 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of McDonald’s by 2.1% during the third quarter. Royal London Asset Management Ltd. now owns 311,025 shares of the fast-food giant’s stock valued at $81,929,000 after purchasing an additional 6,435 shares during the last quarter. Cito Capital Group LLC lifted its holdings in shares of McDonald’s by 11.8% during the third quarter. Cito Capital Group LLC now owns 6,642 shares of the fast-food giant’s stock valued at $1,750,000 after purchasing an additional 700 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its holdings in shares of McDonald’s by 2.8% during the third quarter. Crestwood Advisors Group LLC now owns 27,318 shares of the fast-food giant’s stock valued at $7,197,000 after purchasing an additional 739 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,593 shares of company stock valued at $1,472,518. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $1.09 during midday trading on Friday, reaching $251.09. The stock had a trading volume of 2,814,312 shares, compared to its average volume of 3,366,292. The stock has a 50-day moving average of $260.73 and a 200-day moving average of $277.85. The company has a market capitalization of $180.96 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.81 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.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.66%. McDonald’s’s payout ratio is 56.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Truist Financial lowered their target price 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. JPMorgan Chase & Co. boosted their price target on McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Robert W. Baird reduced their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Guggenheim lowered their target price on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $313.89.

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.