McDonald’s Corporation (NYSE:MCD) Stock Position Raised by TFR Capital LLC.

TFR Capital LLC. raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 114.9% in the first quarter, HoldingsChannel reports. The firm owned 2,618 shares of the fast-food giant’s stock after acquiring an additional 1,400 shares during the period. TFR Capital LLC.’s holdings in McDonald’s were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new position in McDonald’s during the 4th quarter valued at about $25,000. Atala Financial Inc acquired a new position in McDonald’s during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new position in McDonald’s during the 4th quarter valued at about $29,000. GKV Capital Management Co. Inc. acquired a new position in McDonald’s during the 4th quarter valued at about $30,000. Finally, Abound Financial LLC acquired a new position in McDonald’s during the 1st quarter valued at about $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Truist Financial boosted their target price on shares of McDonald’s from $350.00 to $356.00 and gave the company a “buy” rating in a research note on Wednesday. Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Morgan Stanley reissued an “equal weight” rating and set a $324.00 target price (down from $329.00) on shares of McDonald’s in a research note on Monday, June 9th. Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Finally, Citigroup upped their price target on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $322.29.

McDonald’s Price Performance

NYSE MCD opened at $299.80 on Friday. The company’s 50 day simple moving average is $304.11 and its 200 day simple moving average is $302.54. McDonald’s Corporation has a 12 month low of $246.12 and a 12 month high of $326.32. The company 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 released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the business earned $2.70 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio is currently 62.49%.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, 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. Insiders have sold 3,817 shares of company stock worth $1,165,843 in the last 90 days. 0.25% of the stock is owned by company insiders.

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.