Capstone Financial Advisors Inc. Has $67.78 Million Stock Holdings in McDonald's Corporation (NYSE:MCD)

Key Points

• Capstone Financial Advisors Inc. increased its holdings in McDonald's Corporation by 0.7% during the first quarter, owning 216,990 shares worth approximately $67.78 million.
• McDonald's reported earnings of $2.67 per share, meeting analysts' expectations, but experienced a 3.5% decrease in revenue year-over-year.
• The company announced a quarterly dividend of $1.77 per share, resulting in a dividend yield of 2.3%, with a payout ratio of 62.49%.

Capstone Financial Advisors Inc. raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 0.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 216,990 shares of the fast-food giant's stock after acquiring an additional 1,576 shares during the period. McDonald's makes up about 4.3% of Capstone Financial Advisors Inc.'s holdings, making the stock its 7th largest position. Capstone Financial Advisors Inc.'s holdings in McDonald's were worth $67,781,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC increased its position in shares of McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC increased its position in shares of McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after acquiring an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC grew its holdings in McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares during the period. Security Financial Services INC. grew its holdings in McDonald's by 0.7% during the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after purchasing an additional 33 shares during the period. Finally, Northeast Financial Consultants Inc grew its holdings in McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

NYSE MCD opened at $302.88 on Monday. The company has a market cap of $216.57 billion, a P/E ratio of 26.73, a P/E/G ratio of 3.17 and a beta of 0.52. The business's 50 day moving average price is $299.44 and its 200-day moving average price is $303.83. McDonald's Corporation has a fifty-two week low of $265.33 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter in the previous year, the business earned $2.70 EPS. McDonald's's revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.

Analyst Ratings Changes

MCD has been the subject of several research reports. Piper Sandler increased their price objective on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Robert W. Baird upped their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and lowered their price target for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. Finally, 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 objective for the company. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $323.39.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,817 shares of company stock valued at $1,147,992. Corporate insiders own 0.25% of the company's stock.

McDonald's Company 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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