Edgar Lomax Co. VA Buys Shares of 103,645 McDonald's Corporation $MCD

Key Points

• Edgar Lomax Co. VA has acquired 103,645 shares of McDonald's Corporation valued at approximately $32.4 million, making it the 19th largest holding in their investment portfolio.
• McDonald's reported a quarterly earnings per share of $3.19, exceeding analyst estimates of $3.15, along with revenue rising to $6.84 billion.
• The company has declared a quarterly dividend of $1.77 per share, with a dividend yield of 2.3%, set to be paid on September 16th.

Edgar Lomax Co. VA bought a new stake in McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 103,645 shares of the fast-food giant's stock, valued at approximately $32,376,000. McDonald's comprises about 2.0% of Edgar Lomax Co. VA's holdings, making the stock its 19th biggest position.

Several other institutional investors also recently modified their holdings of MCD. Brighton Jones LLC raised its position in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after acquiring an additional 27,774 shares during the period. GHE LLC grew its stake in McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after acquiring an additional 136 shares during the period. Finally, Jump Financial LLC grew its stake in McDonald's by 313.8% in the fourth quarter. Jump Financial LLC now owns 3,567 shares of the fast-food giant's stock valued at $1,034,000 after acquiring an additional 2,705 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on MCD shares. Stifel Nicolaus increased their price target on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Friday. TD Securities restated a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Truist Financial lifted their price target on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a report on Thursday, July 10th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $326.38.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,341 shares of company stock valued at $2,229,327 over the last ninety days. Company insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.2%

McDonald's stock traded up $0.5810 during trading on Friday, hitting $313.8010. The stock had a trading volume of 2,796,655 shares, compared to its average volume of 3,596,743. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The stock's 50 day moving average is $298.77 and its two-hundred day moving average is $305.56. The stock has a market cap of $223.93 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 earnings per share. As a group, equities research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal 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 issued 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 presently 60.67%.

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.