McDonald’s Corporation $MCD Shares Purchased by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,100 shares of the fast-food giant’s stock after buying an additional 3,407 shares during the quarter. McDonald’s makes up 2.9% of Stokes Capital Advisors LLC’s holdings, making the stock its 6th biggest position. Stokes Capital Advisors LLC’s holdings in McDonald’s were worth $12,490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Vanguard Group Inc. increased its stake in shares of McDonald’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock valued at $20,840,787,000 after purchasing an additional 921,936 shares in the last quarter. State Street Corp boosted its holdings in shares of McDonald’s by 0.8% during the 2nd quarter. State Street Corp now owns 34,828,352 shares of the fast-food giant’s stock worth $10,175,800,000 after purchasing an additional 272,139 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of McDonald’s by 1.7% in the second quarter. Geode Capital Management LLC now owns 16,828,420 shares of the fast-food giant’s stock valued at $4,901,595,000 after purchasing an additional 276,065 shares during the last quarter. Norges Bank acquired a new stake in shares of McDonald’s in the second quarter valued at approximately $2,780,712,000. Finally, Price T Rowe Associates Inc. MD lifted its position in McDonald’s by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after buying an additional 1,344,954 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $319.72 on Friday. The company has a fifty day moving average price of $306.81 and a 200 day moving average price of $303.91. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The company has a market cap of $227.69 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 3.54 and a beta of 0.52.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the prior year, the business earned $3.23 earnings per share. McDonald’s’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend was Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is currently 63.48%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MCD. Robert W. Baird boosted their price target on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Sanford C. Bernstein reissued a “market perform” rating on shares of McDonald’s in a research report on Wednesday, December 10th. KeyCorp restated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a report on Monday, October 20th. Citigroup cut their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company raised their price target on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $324.57.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the sale, the insider owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 42,516 shares of company stock worth $13,036,090. 0.25% of the stock is owned by company insiders.

McDonald’s Profile

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.