McDonald’s Co. (NYSE:MCD) Holdings Raised by CRA Financial Services LLC

CRA Financial Services LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,953 shares of the fast-food giant’s stock after acquiring an additional 366 shares during the period. CRA Financial Services LLC’s holdings in McDonald’s were worth $1,235,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mattern Capital Management LLC grew its holdings in McDonald’s by 2.0% during 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 holdings in McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares during the period. Integral Investment Advisors Inc. grew its holdings in McDonald’s by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after acquiring an additional 164 shares during the period. Aviva PLC grew its holdings in McDonald’s by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after acquiring an additional 23,024 shares during the period. Finally, Great Waters Wealth Management acquired a new position in McDonald’s during the first quarter worth about $864,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and lowered their target price for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday. Truist Financial set a $350.00 price target on McDonald’s in a research note on Friday, May 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Finally, TD Securities reissued a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $321.79.

McDonald’s Stock Down 0.5%

Shares of MCD stock opened at $301.57 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a market cap of $215.63 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The stock has a 50 day moving average of $311.95 and a 200-day moving average of $302.92.

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

McDonald’s Announces Dividend

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

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.