Phillips Wealth Planners LLC Grows Stock Holdings in McDonald’s Corporation (NYSE:MCD)

Phillips Wealth Planners LLC boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,859 shares of the fast-food giant’s stock after buying an additional 333 shares during the period. McDonald’s makes up 1.2% of Phillips Wealth Planners LLC’s investment portfolio, making the stock its 16th biggest holding. Phillips Wealth Planners LLC’s holdings in McDonald’s were worth $1,196,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Granite Bay Wealth Management LLC grew its stake in McDonald’s by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after buying an additional 33 shares in the last quarter. CVA Family Office LLC grew its stake in McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC grew its stake in McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after buying an additional 33 shares in the last quarter. Northeast Financial Consultants Inc grew its position in shares of McDonald’s by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock valued at $2,170,000 after purchasing an additional 34 shares in the last quarter. Finally, Tealwood Asset Management Inc. grew its position in shares of McDonald’s by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock valued at $2,535,000 after purchasing an additional 34 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. BMO Capital Markets restated an “outperform” rating and set a $345.00 price target (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Finally, Erste Group Bank lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $321.79.

McDonald’s Stock Down 2.0%

McDonald’s stock opened at $285.78 on Thursday. The company has a market capitalization of $204.34 billion, a PE ratio of 25.22, a P/E/G ratio of 3.04 and a beta of 0.56. The firm has a fifty day simple moving average of $309.13 and a two-hundred day simple moving average of $302.60. McDonald’s Corporation has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 earnings per share. As a group, equities analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.48%. The ex-dividend date was Monday, June 2nd. McDonald’s’s dividend payout ratio is presently 62.49%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 2,817 shares of company stock valued at $865,843 over the last three months. Insiders own 0.25% of the company’s stock.

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.