Howe & Rusling Inc. Buys 6,339 Shares of McDonald's Corporation $MCD

Key Points

• Howe & Rusling Inc. increased its McDonald’s stake by 15.3% in the fourth quarter, buying 6,339 additional shares and bringing its total holding to 47,775 shares worth about $14.6 million.
• McDonald’s reported stronger-than-expected second-quarter results, with EPS of $2.83 beating estimates and revenue of $6.52 billion topping forecasts, while revenue rose 9.4% year over year.
• The company recently paid a quarterly dividend of $1.86 per share, equal to an annualized yield of 2.6%, even as some insiders sold shares and analysts maintained a Moderate Buy consensus rating.

Howe & Rusling Inc. boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,775 shares of the fast-food giant's stock after buying an additional 6,339 shares during the quarter. McDonald's makes up 1.0% of Howe & Rusling Inc.'s portfolio, making the stock its 27th largest position. Howe & Rusling Inc.'s holdings in McDonald's were worth $14,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Peterson Wealth Services grew its position in shares of McDonald's by 3,294.5% in the 4th quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant's stock worth $3,600,000 after buying an additional 11,432 shares during the last quarter. Harbour Investments Inc. grew its position in shares of McDonald's by 84.4% in the 4th quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant's stock worth $10,853,000 after buying an additional 16,252 shares during the last quarter. Capital International Sarl grew its position in shares of McDonald's by 10.4% in the 4th quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant's stock worth $19,639,000 after buying an additional 6,079 shares during the last quarter. North Dakota State Investment Board purchased a new position in shares of McDonald's in the 4th quarter worth approximately $7,493,000. Finally, Pittenger & Anderson Inc. grew its position in shares of McDonald's by 21.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant's stock worth $6,567,000 after buying an additional 3,866 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Up 0.7%

MCD stock opened at $287.99 on Wednesday. The firm has a 50 day moving average of $288.58 and a 200 day moving average of $306.42. The stock has a market capitalization of $204.62 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.85 and a beta of 0.41. McDonald's Corporation has a 52 week low of $271.85 and a 52 week high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $0.09. The company had revenue of $6.52 billion during the quarter, compared to analysts' expectations of $6.47 billion. McDonald's had a net margin of 31.62% and a negative return on equity of 442.10%. McDonald's's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business earned $2.67 EPS. On average, equities research analysts expect that McDonald's Corporation will post 12.93 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.86 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a yield of 2.6%. McDonald's's dividend payout ratio (DPR) is 61.34%.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the sale, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. This trade represents a 30.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 5,252 shares of McDonald's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider owned 7,734 shares of the company's stock, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,307 shares of company stock valued at $3,262,622 over the last quarter. 0.26% of the stock is owned by company insiders.

More McDonald's News

Here are the key news stories impacting McDonald's this week:

• Positive Sentiment: McDonald’s is bringing back its fried apple pie for America’s 250th birthday, a nostalgic limited-time item that could help drive traffic and sales while generating a lot of consumer buzz. AP News - McDonald’s is serving fried apple pie again for America’s 250th birthday
• Positive Sentiment: The company is also being highlighted for bringing back other fan-favorite menu items after decades away, reinforcing the view that McDonald’s is using nostalgia-based offerings to support customer engagement. Article - McDonald's Is Bringing Back a Highly Requested Menu Item for the First Time in Over 30 Years
• Positive Sentiment: McDonald’s is testing expanded beverage options, including custom sodas, refreshers and Red Bull-based drinks, which could open a new source of incremental sales and improve ticket size. Yahoo Finance - McDonald's 70-Year Coke Alliance Enters New Beverage Test
• Neutral Sentiment: Several stories focus on McDonald’s brand strength, including celebrity mentions and “coolest locations” lists, which are good for visibility but likely have limited direct impact on earnings. Article - Tina Fey Loves This McDonald’s Menu Item So Much, She Walked Down the Highway in Italy To Order It
• Neutral Sentiment: The company is also making operational changes, including rebuilding a classic Gahanna location with a modern look and altering drive-thru features, but these are more incremental than transformative. AOL - McDonald’s to demolish classic Gahanna location and rebuild it with modern look
• Negative Sentiment: One article about a possible $1 drive-thru fee and another criticizing the chain’s ice cream machine reliability could add to customer frustration and pressure sentiment, even if the financial impact is unclear. Article - Is McDonald’s adding a $1 fee to drive-thru orders? Customers want answers
• Negative Sentiment: Coverage that McCrispy Strips are being revamped after customer criticism suggests McDonald’s is responding to product complaints, which may weigh slightly on sentiment around menu execution. AOL - McDonald’s to Revamp McCrispy Strips After Customer Criticism

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MCD shares. Rothschild & Co Redburn raised shares of McDonald's from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $260.00 to $306.00 in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of McDonald's from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, May 29th. BTIG Research reaffirmed a "buy" rating and issued a $370.00 price objective on shares of McDonald's in a research report on Thursday, May 7th. Robert W. Baird set a $305.00 price objective on shares of McDonald's in a research report on Thursday, May 7th. Finally, KeyCorp cut their price objective on shares of McDonald's from $345.00 to $330.00 and set an "overweight" rating on the stock in a research report on Friday, May 8th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, McDonald's has a consensus rating of "Moderate Buy" and a consensus price target of $336.26.

McDonald's Company Profile

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

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