CFO4Life Group LLC Has $820,000 Holdings in McDonald’s Co. (NYSE:MCD)

CFO4Life Group LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 55.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,907 shares of the fast-food giant’s stock after buying an additional 1,036 shares during the quarter. CFO4Life Group LLC’s holdings in McDonald’s were worth $820,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s in the first quarter valued at about $28,000. Signature Resources Capital Management LLC bought a new position in shares of McDonald’s during the fourth quarter worth about $31,000. Clear Investment Research LLC bought a new position in shares of McDonald’s during the fourth quarter worth about $38,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s during the fourth quarter worth about $39,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of McDonald’s during the fourth quarter worth about $39,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MCD shares. TD Cowen restated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 13th. Evercore ISI restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research report on Wednesday, March 27th. Guggenheim lowered their price objective on McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Bank of America lowered their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Finally, Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.11.

McDonald’s Stock Up 0.4 %

McDonald’s stock traded up $1.10 during mid-day trading on Friday, reaching $255.90. 2,224,976 shares of the company’s stock were exchanged, compared to its average volume of 3,443,280. The business’s fifty day simple moving average is $258.82 and its 200 day simple moving average is $276.71. The firm has a market capitalization of $184.42 billion, a PE ratio of 21.55, a P/E/G ratio of 2.82 and a beta of 0.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’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 sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. In the last three months, insiders sold 5,593 shares of company stock worth $1,472,518. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Company Profile

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.