Inscription Capital LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Inscription Capital LLC purchased a new position in McDonald’s Co. (NYSE:MCD) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,925 shares of the fast-food giant’s stock, valued at approximately $4,037,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mattern Capital Management LLC grew its stake 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 worth $8,729,000 after acquiring an additional 579 shares during the period. Bell Bank grew its position in McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares during the period. Integral Investment Advisors Inc. grew its position in McDonald’s by 2.6% in the 4th 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 period. Aviva PLC raised its stake in McDonald’s by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock valued at $125,350,000 after buying an additional 23,024 shares during the last quarter. Finally, Great Waters Wealth Management bought a new position in shares of McDonald’s during the 1st quarter valued at $864,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. TD Securities reaffirmed a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 5th. Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Truist Financial set a $350.00 price objective on shares of McDonald’s in a research note on Friday, May 2nd. 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 report on Friday, May 2nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $321.79.

McDonald’s Stock Performance

MCD opened at $296.18 on Tuesday. The stock has a market capitalization of $211.78 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.10 and a beta of 0.56. The company has a fifty day moving average of $311.89 and a 200 day moving average of $303.03. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

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 analyst estimates of $6.17 billion. During the same period in the prior year, the company earned $2.70 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.39%. McDonald’s’s dividend payout ratio (DPR) is currently 62.49%.

Insiders Place Their Bets

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

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.