Howe & Rusling Inc. Raises Holdings in McDonald's Corporation $MCD

Key Points

• Howe & Rusling Inc. increased its holdings in McDonald's Corporation by 6.1%, owning a total of 36,084 shares valued at approximately $11.27 million.
• McDonald's reported $3.19 earnings per share for the quarter, exceeding analyst expectations, with revenue increasing by 5.4% year-over-year.
• The company declared a quarterly dividend of $1.77 per share, reflecting a 2.3% yield and a payout ratio of 60.67%.

Howe & Rusling Inc. grew its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,084 shares of the fast-food giant's stock after purchasing an additional 2,087 shares during the period. McDonald's makes up approximately 0.9% of Howe & Rusling Inc.'s investment portfolio, making the stock its 29th biggest position. Howe & Rusling Inc.'s holdings in McDonald's were worth $11,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MCD. Nuveen LLC purchased a new position in shares of McDonald's during the first quarter valued at about $1,324,961,000. GAMMA Investing LLC grew its position in shares of McDonald's by 39,039.7% during the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of McDonald's by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of McDonald's by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock valued at $1,556,485,000 after purchasing an additional 815,768 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of McDonald's during the fourth quarter valued at about $211,824,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.8%

MCD opened at $308.32 on Friday. The firm has a market cap of $220.02 billion, a P/E ratio of 26.42, a P/E/G ratio of 3.12 and a beta of 0.50. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a 50-day moving average of $305.09 and a 200 day moving average of $306.61.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data 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 during 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.97 earnings per share. On average, research analysts forecast that McDonald's Corporation will post 12.25 earnings per share 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. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. 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 brokerages have recently weighed in on MCD. Piper Sandler raised their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Redburn Atlantic restated a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. TD Securities reiterated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Melius started coverage on McDonald's in a research report on Monday, July 14th. They issued a "sell" rating and a $250.00 price target for the company. Finally, Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, McDonald's currently has an average rating of "Hold" and a consensus price target of $325.14.

Insider Activity

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company's stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm'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 completion of 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 sold 8,341 shares of company stock worth $2,544,327 in the last ninety days. 0.25% of the stock is currently owned by company 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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