Transform Wealth LLC Decreases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Transform Wealth LLC reduced its holdings in McDonald’s Co. (NYSE:MCD) by 8.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,399 shares of the fast-food giant’s stock after selling 126 shares during the period. Transform Wealth LLC’s holdings in McDonald’s were worth $437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mattern Capital Management LLC grew its holdings in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank increased its stake in McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after purchasing an additional 371 shares during the last quarter. Integral Investment Advisors Inc. grew its holdings in shares of McDonald’s by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after purchasing an additional 164 shares during the last quarter. Aviva PLC increased its position in McDonald’s by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after buying an additional 23,024 shares during the period. Finally, APG Asset Management N.V. increased its holdings in shares of McDonald’s by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock valued at $179,715,000 after acquiring an additional 602,976 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MCD. Barclays increased their price objective on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Truist Financial set a $350.00 target price on McDonald’s in a research note on Friday, May 2nd. TD Securities restated a “hold” rating and set a $305.00 target price on shares of McDonald’s in a research report on Thursday, June 5th. Finally, Robert W. Baird raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $321.79.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $301.93 on Thursday. The firm’s 50-day moving average is $311.84 and its 200-day moving average is $302.83. The stock has a market cap of $215.89 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share 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%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 EPS. Sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 62.49%.

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.