Golden State Equity Partners Has $3.02 Million Holdings in McDonald's Corporation $MCD

Key Points

• Golden State Equity Partners has increased its holdings in McDonald's Corporation by 15.8% after acquiring an additional 1,410 shares, bringing its total to 10,321 shares valued at approximately $3,015,000.
• McDonald's shares opened at $302.30 on Monday, with a 12-month high of $326.32 and a reported quarterly revenue of $6.84 billion, exceeding analyst expectations.
• The fast-food giant recently declared a quarterly dividend of $1.77 per share, yielding approximately 2.3%, and has a payout ratio of 60.67%.

Golden State Equity Partners boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 15.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,321 shares of the fast-food giant's stock after purchasing an additional 1,410 shares during the quarter. Golden State Equity Partners' holdings in McDonald's were worth $3,015,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new position in McDonald's during the 4th quarter valued at $25,000. HFM Investment Advisors LLC bought a new stake in McDonald's in the 1st quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in McDonald's in the 1st quarter valued at $26,000. Pinney & Scofield Inc. bought a new stake in McDonald's in the 4th quarter valued at $29,000. Finally, Abound Financial LLC bought a new stake in McDonald's in the 1st quarter valued at $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Price Performance

Shares of MCD traded up $1.09 during trading hours on Monday, hitting $303.47. The stock had a trading volume of 3,637,178 shares, compared to its average volume of 3,025,440. The company's fifty day moving average is $306.09 and its two-hundred day moving average is $306.29. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The stock has a market capitalization of $216.56 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 3.08 and a beta of 0.49.

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

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio is 60.67%.

Insider Activity at McDonald's

In related news, 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 transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $281,221.11. Following the transaction, the insider 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 disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock worth $2,273,407 in the last 90 days. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Citigroup boosted their price target on shares of McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Finally, Guggenheim reissued a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $325.86.

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.