Alpha Financial Partners LLC Lowers Holdings in McDonald’s Corporation (NYSE:MCD)

Alpha Financial Partners LLC decreased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 771 shares of the fast-food giant’s stock after selling 90 shares during the quarter. Alpha Financial Partners LLC’s holdings in McDonald’s were worth $241,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Red Door Wealth Management LLC raised its stake in McDonald’s by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after buying an additional 109 shares during the last quarter. Aviva PLC raised its stake in shares of McDonald’s by 5.6% in the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after purchasing an additional 23,024 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of McDonald’s by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock worth $107,867,000 after purchasing an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of McDonald’s by 22.9% in the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock worth $5,381,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC raised its stake in shares of McDonald’s by 1.7% in the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock worth $17,078,000 after purchasing an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MCD shares. BMO Capital Markets restated an “outperform” rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Barclays boosted their price target on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Truist Financial set a $350.00 price target on McDonald’s in a research note on Friday, May 2nd. KeyCorp decreased their price target on McDonald’s from $340.00 to $325.00 and set an “overweight” rating for the company in a research note on Monday, June 30th. Finally, BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus price target of $321.17.

McDonald’s Stock Up 0.1%

NYSE MCD opened at $292.02 on Wednesday. The stock’s 50-day moving average price is $305.18 and its 200-day moving average price is $302.45. McDonald’s Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market capitalization of $208.81 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the business posted $2.70 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. Research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s dividend payout ratio is currently 62.49%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 2,817 shares of company stock worth $865,843 in the last three months. Company insiders own 0.25% of the company’s stock.

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.