Regal Investment Advisors LLC Purchases 1,056 Shares of McDonald’s Co. (NYSE:MCD)

Regal Investment Advisors LLC increased its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,700 shares of the fast-food giant’s stock after purchasing an additional 1,056 shares during the period. Regal Investment Advisors LLC’s holdings in McDonald’s were worth $9,103,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Gamco Investors INC. ET AL lifted its position in shares of McDonald’s by 12.2% during the 3rd quarter. Gamco Investors INC. ET AL now owns 920 shares of the fast-food giant’s stock worth $242,000 after buying an additional 100 shares during the period. Van ECK Associates Corp lifted its holdings in shares of McDonald’s by 93.5% during the third quarter. Van ECK Associates Corp now owns 17,772 shares of the fast-food giant’s stock valued at $4,682,000 after acquiring an additional 8,586 shares during the period. BIP Wealth LLC boosted its stake in shares of McDonald’s by 4.4% in the 3rd quarter. BIP Wealth LLC now owns 1,074 shares of the fast-food giant’s stock valued at $283,000 after purchasing an additional 45 shares in the last quarter. Wealth Alliance grew its holdings in shares of McDonald’s by 5.5% in the 3rd quarter. Wealth Alliance now owns 4,871 shares of the fast-food giant’s stock worth $1,283,000 after purchasing an additional 253 shares during the last quarter. Finally, Boston Financial Mangement LLC increased its position in shares of McDonald’s by 0.8% during the 3rd quarter. Boston Financial Mangement LLC now owns 12,245 shares of the fast-food giant’s stock worth $3,226,000 after purchasing an additional 92 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 1.7 %

Shares of McDonald’s stock traded down $4.51 during trading on Friday, reaching $256.21. The stock had a trading volume of 2,290,085 shares, compared to its average volume of 3,509,454. The company has a market capitalization of $184.65 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 2.89 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a fifty day moving average price of $267.91 and a two-hundred day moving average price of $282.30.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.63 earnings per share. On average, equities analysts forecast that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $1.67 per share. The ex-dividend date is Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.61%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCD. TD Cowen reaffirmed a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Monday, May 20th. KeyCorp decreased their price target on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Guggenheim dropped their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Finally, Truist Financial dropped their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.15.

Read Our Latest Stock Report on MCD

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s 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 completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 4,096 shares of company stock worth $1,127,678 in the last three months. Insiders own 0.23% of the company’s stock.

About McDonald’s

(Free Report)

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.

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

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