Appleton Partners Inc. MA Sells 1,092 Shares of McDonald's Corporation $MCD

Key Points

• Appleton Partners Inc. MA has reduced its stake in McDonald's Corporation by 5.8%, selling 1,092 shares, bringing its total holdings to 17,696 shares valued at approximately $5.17 million.
• McDonald's reported a quarterly earnings per share (EPS) of $3.19, exceeding analysts' expectations, and achieved revenue of $6.84 billion, a 5.4% increase year-over-year.
• The company declared a quarterly dividend of $1.77, resulting in an annualized dividend of $7.08 and a dividend yield of 2.4%, reflecting a payout ratio of 60.67%.

Appleton Partners Inc. MA decreased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,696 shares of the fast-food giant's stock after selling 1,092 shares during the quarter. Appleton Partners Inc. MA's holdings in McDonald's were worth $5,170,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCD. First American Trust FSB increased its position in McDonald's by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after acquiring an additional 13,234 shares during the period. Banque Transatlantique SA increased its position in McDonald's by 58.0% during the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock worth $71,829,000 after acquiring an additional 91,313 shares during the period. Hamilton Capital LLC increased its position in McDonald's by 35.2% during the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock worth $982,000 after acquiring an additional 819 shares during the period. Red Door Wealth Management LLC increased its position in McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after acquiring an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in McDonald's by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after acquiring an additional 18,393 shares during the period. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.3%

Shares of NYSE:MCD opened at $300.72 on Monday. The stock has a market capitalization of $214.59 billion, a P/E ratio of 25.77, a P/E/G ratio of 3.07 and a beta of 0.50. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business has a 50-day moving average price of $306.93 and a two-hundred day moving average price of $306.15.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.97 EPS. As a group, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. McDonald's's dividend payout ratio is 60.67%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company's stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,402 shares of company stock valued at $2,273,407. Insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MCD shares. BMO Capital Markets lifted their price target on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Citigroup lifted their price target on shares of McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Barclays lifted their price target on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Melius started coverage on shares of McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 price target on the stock. Finally, Truist Financial lifted their price target on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $325.86.

About McDonald's

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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