Forum Financial Management LP Increases Stock Position in McDonald’s Co. (NYSE:MCD)

Forum Financial Management LP grew its holdings in McDonald’s Co. (NYSE:MCD) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,894 shares of the fast-food giant’s stock after buying an additional 351 shares during the period. Forum Financial Management LP’s holdings in McDonald’s were worth $2,868,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Atala Financial Inc acquired a new position in McDonald’s in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the fourth quarter worth about $27,000. Collier Financial purchased a new position in McDonald’s during the fourth quarter worth about $29,000. Pinney & Scofield Inc. purchased a new stake in McDonald’s in the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC increased its position in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. Piper Sandler raised their target price on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. BMO Capital Markets restated an “outperform” rating and set a $345.00 target price (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. KeyCorp increased their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, BTIG Research restated a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $325.91.

McDonald’s Stock Performance

NYSE:MCD opened at $314.65 on Friday. The stock has a market cap of $224.99 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The business has a fifty day moving average of $311.68 and a 200-day moving average of $301.44.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald’s’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.70 EPS. On average, equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio is presently 62.49%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the sale, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,276 shares of company stock worth $4,419,385 in the last three months. 0.25% of the stock is currently owned by insiders.

McDonald’s 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.