Fairvoy Private Wealth LLC Has $3.35 Million Holdings in McDonald’s Co. (NYSE:MCD)

Fairvoy Private Wealth LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,730 shares of the fast-food giant’s stock after purchasing an additional 221 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in McDonald’s were worth $3,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in McDonald’s during the 4th quarter worth about $25,000. Atala Financial Inc acquired a new stake in McDonald’s during the 4th quarter worth about $26,000. Pinney & Scofield Inc. acquired a new stake in McDonald’s during the 4th quarter worth about $29,000. Fairway Wealth LLC raised its holdings 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 buying an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald’s during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5%

MCD opened at $301.57 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a market capitalization of $215.63 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. The business has a 50 day moving average of $311.95 and a 200-day moving average of $302.97.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the prior year, the business earned $2.70 earnings per share. McDonald’s’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald’s’s dividend payout ratio is 62.49%.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and lowered their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Barclays lifted their target price on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Piper Sandler lifted their target price on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus price target of $321.79.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

About McDonald’s

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.