Northstar Group Inc. Has $2.03 Million Stake in McDonald’s Co. (NYSE:MCD)

Northstar Group Inc. decreased its position in McDonald’s Co. (NYSE:MCD) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,491 shares of the fast-food giant’s stock after selling 138 shares during the quarter. Northstar Group Inc.’s holdings in McDonald’s were worth $2,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mission Wealth Management LP grew its position in shares of McDonald’s by 0.6% in the first quarter. Mission Wealth Management LP now owns 16,776 shares of the fast-food giant’s stock valued at $5,240,000 after purchasing an additional 97 shares during the last quarter. Brown Miller Wealth Management LLC grew its position in shares of McDonald’s by 6.0% in the first quarter. Brown Miller Wealth Management LLC now owns 3,078 shares of the fast-food giant’s stock valued at $962,000 after purchasing an additional 174 shares during the last quarter. 1900 Wealth Management LLC grew its position in shares of McDonald’s by 2.9% in the first quarter. 1900 Wealth Management LLC now owns 1,796 shares of the fast-food giant’s stock valued at $561,000 after purchasing an additional 50 shares during the last quarter. Hanson & Doremus Investment Management grew its position in shares of McDonald’s by 30.6% in the first quarter. Hanson & Doremus Investment Management now owns 4,800 shares of the fast-food giant’s stock valued at $1,499,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Traphagen Investment Advisors LLC grew its position in shares of McDonald’s by 12.1% in the first quarter. Traphagen Investment Advisors LLC now owns 1,488 shares of the fast-food giant’s stock valued at $465,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $324.00 target price (down previously from $329.00) on shares of McDonald’s in a research report on Monday, June 9th. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Citigroup boosted their price target on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Truist Financial set a $350.00 price target on McDonald’s in a research note on Friday, May 2nd. Finally, Barclays boosted their price target on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $321.79.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This represents a 7.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD opened at $301.57 on Monday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a market capitalization of $215.63 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.10 and a beta of 0.56. The stock has a fifty day moving average of $311.95 and a 200-day moving average of $303.03.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates 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 company earned $2.70 EPS. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

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

McDonald’s Company 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.