McDonald’s Corporation (NYSE:MCD) Shares Acquired by Apollon Wealth Management LLC

by · The Cerbat Gem

Apollon Wealth Management LLC lifted its position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,199 shares of the fast-food giant’s stock after buying an additional 3,428 shares during the period. Apollon Wealth Management LLC’s holdings in McDonald’s were worth $16,618,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in McDonald’s by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after buying an additional 526,466 shares during the last quarter. Geode Capital Management LLC raised its stake in McDonald’s by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after acquiring an additional 157,458 shares during the period. Capital Research Global Investors raised its stake in McDonald’s by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after acquiring an additional 531,070 shares during the period. Norges Bank acquired a new stake in McDonald’s during the fourth quarter worth about $2,725,190,000. Finally, Northern Trust Corp raised its stake in McDonald’s by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after acquiring an additional 895,896 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of MCD opened at $299.80 on Monday. The company has a market capitalization of $214.37 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53. McDonald’s Corporation has a one year low of $246.12 and a one year high of $326.32. The company’s fifty day moving average price is $304.11 and its 200 day moving average price is $302.59.

McDonald’s (NYSE:MCD – Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 EPS. Analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Truist Financial raised their target price on shares of McDonald’s from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Redburn Atlantic restated a “sell” rating and set a $260.00 target price (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Citigroup raised their price objective on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Piper Sandler raised their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $322.29.

Get Our Latest Stock Report on McDonald’s

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock worth $1,165,843 over the last 90 days. Company insiders own 0.25% of the company’s stock.

About McDonald’s

(Free Report)

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.

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