Brooklyn Investment Group Purchases 1,845 Shares of McDonald's Corporation $MCD

Key Points

• Brooklyn Investment Group increased its holdings in McDonald's Corporation by 39.2%, owning a total of 6,555 shares worth approximately $2,048,000.
• McDonald's reported $3.19 earnings per share for the latest quarter, surpassing analysts' estimates, and its quarterly revenue increased by 5.4% compared to the previous year.
• The company declared a quarterly dividend of $1.77 per share, resulting in an annualized dividend yield of 2.3%, with a payout ratio of 60.67%.

Brooklyn Investment Group increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 39.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,555 shares of the fast-food giant's stock after purchasing an additional 1,845 shares during the quarter. Brooklyn Investment Group's holdings in McDonald's were worth $2,048,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in McDonald's during the fourth quarter worth $25,000. Abound Financial LLC acquired a new position in McDonald's during the first quarter worth $30,000. Pinney & Scofield Inc. acquired a new position in McDonald's during the fourth quarter worth $29,000. Redmont Wealth Advisors LLC acquired a new position in McDonald's during the first quarter worth $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in McDonald's during the first quarter worth $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Down 0.1%

MCD stock opened at $308.76 on Monday. McDonald's Corporation has a 12 month low of $274.70 and a 12 month high of $326.32. The firm has a market cap of $220.33 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.15 and a beta of 0.52. The company's 50-day moving average price is $298.06 and its two-hundred day moving average price is $305.17.

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

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,280 shares of company stock worth $2,215,178. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MCD. Melius began coverage on shares of McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price target for the company. BMO Capital Markets reiterated an "outperform" rating and issued a $350.00 price target (up previously from $345.00) on shares of McDonald's in a research note on Thursday, August 7th. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research note on Thursday, July 10th. Finally, Evercore ISI increased their price target on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $326.87.

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.

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