Cvfg LLC Boosts Holdings in McDonald’s Corporation $MCD

Cvfg LLC boosted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 836.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,705 shares of the fast-food giant’s stock after purchasing an additional 13,134 shares during the period. Cvfg LLC’s holdings in McDonald’s were worth $4,570,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Saxon Interests Inc. grew its stake in shares of McDonald’s by 166.6% during the 1st quarter. Saxon Interests Inc. now owns 4,362 shares of the fast-food giant’s stock worth $1,356,000 after purchasing an additional 2,726 shares during the period. Montag A & Associates Inc. lifted its stake in shares of McDonald’s by 11.8% in the 1st quarter. Montag A & Associates Inc. now owns 26,506 shares of the fast-food giant’s stock valued at $8,238,000 after purchasing an additional 2,807 shares during the period. Nicholas Hoffman & Company LLC. lifted its stake in shares of McDonald’s by 1.0% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 14,536 shares of the fast-food giant’s stock valued at $4,518,000 after purchasing an additional 146 shares during the period. Aljian Capital Management LLC boosted its holdings in McDonald’s by 4.7% during the first quarter. Aljian Capital Management LLC now owns 7,059 shares of the fast-food giant’s stock worth $2,194,000 after buying an additional 316 shares in the last quarter. Finally, Clearwave Capital LLC purchased a new stake in McDonald’s during the first quarter worth $217,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Trending Headlines about McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s is rolling out a BT21 x Happy Meal collaboration tied to BTS/LINE FRIENDS, which could boost traffic and social-media buzz among younger consumers. Article Title
• Positive Sentiment: The company is also bringing back a fan-favorite product, the fried apple pie, and promoting limited-time fries giveaways, both of which can support short-term sales and restaurant traffic. Article Title Article Title
• Positive Sentiment: Several pieces framed McDonald’s as a quality, low-stress, dividend-friendly stock, reinforcing its appeal as a defensive hold during market volatility. Article Title Article Title
• Neutral Sentiment: Analysts and market commentators are debating McDonald’s versus rivals like Chipotle and Burger King, but these are mostly comparison pieces rather than fresh company-specific catalysts. Article Title
• Neutral Sentiment: Options activity and technical commentary suggest traders may be positioning for a bigger move in MCD, but the direction is not clear from the headlines alone. Article Title
• Negative Sentiment: Rival fast-food chains are stepping up competition with new chicken sandwiches and other menu pushes, which could pressure McDonald’s sales if competitors keep stealing share. Article Title Article Title

McDonald’s Stock Up 1.0%

Shares of NYSE MCD opened at $282.30 on Wednesday. The firm has a market cap of $200.57 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41. The company’s 50-day simple moving average is $279.44 and its 200-day simple moving average is $302.61. McDonald’s Corporation has a 52-week low of $264.53 and a 52-week high of $341.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.09. The firm had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 EPS. Equities research analysts anticipate that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.6%. McDonald’s’s dividend payout ratio is presently 61.34%.

Analysts Set New Price Targets

A number of research firms have weighed in on MCD. Evercore set a $350.00 price objective on shares of McDonald’s in a report on Friday, May 8th. KeyCorp lowered their target price on shares of McDonald’s from $330.00 to $315.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. JPMorgan Chase & Co. dropped their target price on McDonald’s from $325.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Morgan Stanley set a $331.00 price target on McDonald’s in a research note on Friday, May 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of McDonald’s in a report on Tuesday, June 23rd. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $335.70.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 5,252 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider owned 7,734 shares in the company, valued at $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,307 shares of company stock valued at $3,262,622 in the last three months. Insiders own 0.26% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.