Annex Advisory Services LLC Increases Holdings in McDonald’s Co. (NYSE:MCD)

Annex Advisory Services LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 40.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,894 shares of the fast-food giant’s stock after acquiring an additional 838 shares during the quarter. Annex Advisory Services LLC’s holdings in McDonald’s were worth $816,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Signature Resources Capital Management LLC purchased a new stake in McDonald’s in the 4th quarter valued at approximately $31,000. Spartan Planning & Wealth Management purchased a new stake in McDonald’s in the 3rd quarter valued at approximately $33,000. Clear Investment Research LLC acquired a new position in McDonald’s in the 4th quarter valued at $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in McDonald’s in the 4th quarter valued at $39,000. Finally, Keener Financial Planning LLC acquired a new position in McDonald’s in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 1.2 %

Shares of NYSE MCD opened at $257.34 on Wednesday. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a market capitalization of $185.46 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.93 and a beta of 0.71. The firm’s 50-day moving average price is $264.15 and its two-hundred day moving average price is $279.82.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the firm posted $2.63 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now directly owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders have sold a total of 4,095 shares of company stock worth $1,100,625 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Robert W. Baird cut their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Evercore ISI restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Truist Financial dropped their price objective on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Stifel Nicolaus dropped their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Finally, Guggenheim lowered their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.14.

McDonald’s Company Profile

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.