Liberty Capital Management Inc. Acquires 230 Shares of McDonald’s Co. (NYSE:MCD)

Liberty Capital Management Inc. boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,264 shares of the fast-food giant’s stock after purchasing an additional 230 shares during the period. McDonald’s comprises approximately 1.3% of Liberty Capital Management Inc.’s holdings, making the stock its 25th largest holding. Liberty Capital Management Inc.’s holdings in McDonald’s were worth $5,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald’s during the 4th quarter valued at about $25,000. Atala Financial Inc bought a new stake in McDonald’s during the 4th quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $29,000. Fairway Wealth LLC raised its position in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $30,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on MCD. Truist Financial set a $350.00 price target on McDonald’s in a research note on Friday, May 2nd. Loop Capital downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Barclays lifted their price target on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. BTIG Research restated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Finally, Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $321.79.

McDonald’s Trading Up 0.4%

NYSE:MCD opened at $302.93 on Friday. The company has a 50 day simple moving average of $311.91 and a two-hundred day simple moving average of $302.88. The company has a market cap of $216.60 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald’s’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.70 earnings per share. Research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, June 2nd. McDonald’s’s payout ratio is 62.49%.

McDonald’s Company 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.