Dohj LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Dohj LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 5.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,360 shares of the fast-food giant’s stock after purchasing an additional 128 shares during the period. Dohj LLC’s holdings in McDonald’s were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Vanguard Group Inc. boosted its position in McDonald’s by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after acquiring an additional 599,745 shares in the last quarter. Norges Bank purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $2,684,899,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of McDonald’s by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the last quarter. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in McDonald’s by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock worth $1,589,073,000 after acquiring an additional 35,639 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now owns 15,878 shares in the company, valued at approximately $4,209,734.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock valued at $1,100,625 in the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD traded down $3.13 during trading on Friday, hitting $255.04. The company’s stock had a trading volume of 1,401,534 shares, compared to its average volume of 3,368,909. The firm’s 50 day moving average price is $263.91 and its 200-day moving average price is $279.67. The stock has a market cap of $183.80 billion, a PE ratio of 21.93, a PEG ratio of 2.90 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the firm earned $2.63 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. TD Cowen restated a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 13th. BMO Capital Markets decreased their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. KeyCorp decreased their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Truist Financial decreased their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, UBS Group decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $315.14.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.