McDonald’s Co. (NYSE:MCD) Stock Holdings Trimmed by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its holdings in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 3.9% during the 1st quarter, Holdings Channel reports. The fund owned 10,298 shares of the fast-food giant’s stock after selling 423 shares during the period. Orion Portfolio Solutions LLC’s holdings in McDonald’s were worth $2,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Sawgrass Asset Management LLC bought a new stake in shares of McDonald’s in the 1st quarter worth $7,800,000. Connors Investor Services Inc. raised its stake in shares of McDonald’s by 57.4% in the 1st quarter. Connors Investor Services Inc. now owns 64,674 shares of the fast-food giant’s stock worth $15,993,000 after buying an additional 23,586 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of McDonald’s in the 1st quarter worth $1,145,000. Worldquant Millennium Advisors LLC raised its stake in shares of McDonald’s by 1,762.2% in the 1st quarter. Worldquant Millennium Advisors LLC now owns 32,924 shares of the fast-food giant’s stock worth $8,141,000 after buying an additional 31,156 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of McDonald’s in the 1st quarter worth $1,472,000. Institutional investors own 67.27% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Robert W. Baird set a $285.00 price objective on McDonald’s in a research report on Tuesday, July 19th. Royal Bank of Canada upped their price objective on McDonald’s from $292.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Truist Financial increased their price target on McDonald’s from $273.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Tigress Financial upped their price objective on shares of McDonald’s from $314.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, August 30th. Finally, Deutsche Bank Aktiengesellschaft cut McDonald’s from a “buy” rating to a “hold” rating and lowered their target price for the stock from $263.00 to $259.00 in a report on Wednesday, July 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.04.

McDonald’s Stock Up 0.5 %

Shares of NYSE:MCD opened at $255.72 on Thursday. The firm has a market cap of $188.14 billion, a PE ratio of 31.49, a PEG ratio of 3.16 and a beta of 0.57. The company’s 50 day moving average price is $258.07 and its two-hundred day moving average price is $248.77. McDonald’s Co. has a 12-month low of $217.68 and a 12-month high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.08. The firm had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.82 billion. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.37 EPS. On average, research analysts expect that McDonald’s Co. will post 9.83 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be given a dividend of $1.38 per share. The ex-dividend date is Wednesday, August 31st. This represents a $5.52 annualized dividend and a dividend yield of 2.16%. McDonald’s’s dividend payout ratio is 67.98%.

Insider Activity at McDonald’s

In other McDonald’s news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $264.02, for a total transaction of $1,188,090.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, insider Ian Frederick Borden sold 5,320 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $265.00, for a total transaction of $1,409,800.00. Following the completion of the transaction, the insider now directly owns 7,131 shares in the company, valued at $1,889,715. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $264.02, for a total transaction of $1,188,090.00. The disclosure for this sale can be found here. Insiders have sold 20,191 shares of company stock valued at $5,250,365 over the last three months. 0.18% of the stock is owned by insiders.

McDonald’s Company Profile

(Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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