Tempus Wealth Planning LLC Has $326,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Tempus Wealth Planning LLC raised its position in McDonald’s Co. (NYSE:MCD) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,155 shares of the fast-food giant’s stock after acquiring an additional 50 shares during the period. Tempus Wealth Planning LLC’s holdings in McDonald’s were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of McDonald’s in the 4th quarter valued at $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its stake in shares of McDonald’s by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of McDonald’s by 10,702.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after acquiring an additional 2,154,297 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after buying an additional 987,099 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in McDonald’s by 552.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock worth $234,729,000 after buying an additional 670,261 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,593 shares of company stock valued at $1,472,518. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $250.00 on Friday. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a market cap of $180.17 billion, a PE ratio of 21.22, a PEG ratio of 2.81 and a beta of 0.71. The firm has a 50-day moving average of $261.17 and a 200-day moving average of $278.12.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.63 EPS. Equities research analysts predict that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. McDonald’s’s payout ratio is 56.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America reduced their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Guggenheim cut their target price on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday. Truist Financial decreased their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. KeyCorp dropped their price target on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Finally, BMO Capital Markets reduced their price objective on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $313.89.

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.