Bontempo Ohly Capital Mgmt LLC Purchases New Position in McDonald’s Corporation $MCD

Bontempo Ohly Capital Mgmt LLC purchased a new stake in shares of McDonald’s Corporation (NYSE:MCD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,757 shares of the fast-food giant’s stock, valued at approximately $2,735,000. McDonald’s comprises about 1.3% of Bontempo Ohly Capital Mgmt LLC’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Nuveen LLC bought a new position in McDonald’s during the 1st quarter valued at about $1,324,961,000. GAMMA Investing LLC raised its stake in shares of McDonald’s by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of McDonald’s by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after acquiring an additional 1,344,954 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of McDonald’s by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after acquiring an additional 815,768 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of McDonald’s in the fourth quarter worth about $211,824,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MCD shares. Citigroup boosted their target price on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Truist Financial boosted their target price on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. BMO Capital Markets boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Guggenheim reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. Finally, TD Cowen increased their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $325.14.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $308.32 on Friday. The stock has a market cap of $220.02 billion, a P/E ratio of 26.42, a P/E/G ratio of 3.12 and a beta of 0.50. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The firm has a 50 day moving average price of $305.09 and a 200 day moving average price of $306.61.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the prior year, the company earned $2.97 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is owned by 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.