Zullo Investment Group Inc. Purchases 133 Shares of McDonald’s Corporation (NYSE:MCD)

Zullo Investment Group Inc. lifted its position in McDonald’s Corporation (NYSE:MCD) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,449 shares of the fast-food giant’s stock after purchasing an additional 133 shares during the quarter. McDonald’s comprises approximately 0.9% of Zullo Investment Group Inc.’s portfolio, making the stock its 28th largest holding. Zullo Investment Group Inc.’s holdings in McDonald’s were worth $2,015,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Granite Bay Wealth Management LLC boosted its holdings in shares of McDonald’s by 3.5% during 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 lifted its position in McDonald’s by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after acquiring an additional 33 shares during the period. Consilium Wealth Advisory LLC boosted its stake in McDonald’s by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after acquiring an additional 33 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in McDonald’s by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock worth $2,170,000 after purchasing an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. increased its stake in shares of McDonald’s by 0.4% during the first 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. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,817 shares of company stock valued at $1,165,843. 0.25% of the stock is owned by corporate insiders.

McDonald’s Price Performance

Shares of MCD opened at $299.80 on Friday. McDonald’s Corporation has a one year low of $246.12 and a one year high of $326.32. The business has a fifty day moving average of $304.11 and a 200 day moving average of $302.54. The firm has a market capitalization of $214.37 billion, a P/E ratio of 26.46, a PEG ratio of 3.13 and a beta of 0.53.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MCD shares. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price target (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Piper Sandler boosted their target price on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Northcoast Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $324.00 price objective (down from $329.00) on shares of McDonald’s in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $322.29.

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.