Fiduciary Family Office LLC Takes $622,000 Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Fiduciary Family Office LLC has made a new investment in McDonald's Corporation by purchasing 1,991 shares valued at approximately $622,000 in the first quarter.
• McDonald's reported a quarterly earnings per share of $3.19, exceeding analyst expectations of $3.15, with revenues reaching $6.84 billion, a 5.4% increase year-over-year.
• The company announced a quarterly dividend of $1.77 per share, which will be paid to investors on September 16th, representing an annualized yield of 2.3%.

Fiduciary Family Office LLC bought a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 1,991 shares of the fast-food giant's stock, valued at approximately $622,000.

A number of other hedge funds have also made changes to their positions in the company. WealthPlan Investment Management LLC increased its position in shares of McDonald's by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after purchasing an additional 32 shares in the last quarter. Granite Bay Wealth Management LLC increased its position in shares of McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares in the last quarter. CVA Family Office LLC increased its position in shares of McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC increased its position in shares of McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares in the last quarter. Finally, Security Financial Services INC. grew its holdings in McDonald's by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

McDonald's stock opened at $305.62 on Friday. The company's 50 day simple moving average is $298.57 and its 200 day simple moving average is $304.33. McDonald's Corporation has a fifty-two week low of $265.33 and a fifty-two week high of $326.32. The firm has a market capitalization of $218.09 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.21 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data 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. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm earned $2.97 EPS. McDonald's's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Evercore ISI increased their price objective on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday. KeyCorp reissued an "overweight" rating and set a $335.00 price objective (up previously from $325.00) on shares of McDonald's in a report on Thursday. Finally, The Goldman Sachs Group raised shares of 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. Two equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $326.87.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald'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 transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,280 shares of company stock valued at $2,215,178 in the last 90 days. 0.25% of the stock is owned by 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.

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