Forum Financial Management LP Has $2.90 Million Stock Position in McDonald’s Corporation $MCD

Forum Financial Management LP lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 23.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,339 shares of the fast-food giant’s stock after selling 2,785 shares during the quarter. Forum Financial Management LP’s holdings in McDonald’s were worth $2,902,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MCD. EWA LLC increased its position in McDonald’s by 45.6% in the 1st quarter. EWA LLC now owns 1,175 shares of the fast-food giant’s stock valued at $365,000 after buying an additional 368 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ raised its stake in McDonald’s by 5.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 238,555 shares of the fast-food giant’s stock worth $74,140,000 after buying an additional 11,901 shares during the period. Investment Planning Advisors Inc. boosted its holdings in McDonald’s by 29.3% in the first quarter. Investment Planning Advisors Inc. now owns 1,377 shares of the fast-food giant’s stock worth $428,000 after acquiring an additional 312 shares in the last quarter. Next Level Private LLC bought a new position in McDonald’s in the first quarter worth approximately $201,000. Finally, North Star Investment Management Corp. grew its stake in McDonald’s by 0.6% in the first quarter. North Star Investment Management Corp. now owns 18,758 shares of the fast-food giant’s stock valued at $5,830,000 after acquiring an additional 109 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD opened at $267.60 on Tuesday. The firm has a market capitalization of $190.13 billion, a P/E ratio of 22.06, a P/E/G ratio of 2.69 and a beta of 0.41. McDonald’s Corporation has a 52 week low of $264.53 and a 52 week high of $341.75. The stock has a 50 day moving average price of $282.64 and a two-hundred day moving average price of $304.21.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.86 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $7.44 annualized dividend and a yield of 2.8%. McDonald’s’s dividend payout ratio (DPR) is 61.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MCD shares. TD Cowen restated a “hold” rating on shares of McDonald’s in a report on Friday, June 12th. Morgan Stanley set a $331.00 target price on McDonald’s in a report on Friday, May 8th. Evercore set a $350.00 price target on shares of McDonald’s in a research report on Friday, May 8th. Cfra upgraded shares of McDonald’s to a “buy” rating in a research note on Friday, May 8th. Finally, Barclays lowered their price objective on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $335.70.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the completion of the sale, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,307 shares of company stock worth $3,262,622. Company insiders own 0.26% of the company’s stock.

About McDonald’s

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.