LifePlan Financial LLC Takes $326,000 Position in McDonald’s Co. (NYSE:MCD)

LifePlan Financial LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,099 shares of the fast-food giant’s stock, valued at approximately $326,000.

Several other large investors have also recently modified their holdings of MCD. Covestor Ltd raised its stake in shares of McDonald’s by 103.4% during the first quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after acquiring an additional 210 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of McDonald’s by 7.7% during the first quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after acquiring an additional 5,007 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of McDonald’s by 4.8% during the first quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after buying an additional 23,643 shares during the period. Stevens Capital Management LP acquired a new stake in shares of McDonald’s during the first quarter worth $1,108,000. Finally, Equitable Holdings Inc. increased its position in shares of McDonald’s by 59.7% during the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after buying an additional 3,490 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.4 %

NYSE:MCD traded down $1.16 during mid-day trading on Monday, hitting $266.23. 3,594,123 shares of the stock traded hands, compared to its average volume of 3,249,551. The business’s 50-day moving average price is $284.99 and its 200 day moving average price is $280.75. The company has a market cap of $191.95 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.59 EPS. Analysts anticipate that McDonald’s Co. will post 12.35 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.51%. McDonald’s’s payout ratio is 57.74%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Robert W. Baird restated an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Truist Financial reduced their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Barclays reduced their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Finally, Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.17.

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.