ERn Financial LLC Has $446,000 Stock Position in McDonald’s Corporation (NYSE:MCD)

ERn Financial LLC reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 12.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,428 shares of the fast-food giant’s stock after selling 196 shares during the quarter. ERn Financial LLC’s holdings in McDonald’s were worth $446,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Mascagni Wealth Management Inc. acquired a new position in McDonald’s in the fourth quarter worth approximately $25,000. Atala Financial Inc bought a new position in shares of McDonald’s during the 4th quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at $29,000. Fairway Wealth LLC boosted its holdings in McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald’s during the fourth quarter worth $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays increased their price target on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. BMO Capital Markets restated an “outperform” rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Erste Group Bank cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Piper Sandler boosted their price target on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $321.79.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $289.24 on Friday. The business has a fifty day moving average of $311.02 and a two-hundred day moving average of $302.84. McDonald’s Corporation has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a market cap of $206.81 billion, a PE ratio of 25.53, a PEG ratio of 3.02 and a beta of 0.56.

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

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 62.49%.

About McDonald’s

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.