Hoxton Planning & Management LLC Makes New $316,000 Investment in McDonald's Corporation (NYSE:MCD)

Key Points

• Hoxton Planning & Management LLC initiated a new investment in McDonald's Corporation, acquiring 1,013 shares valued at approximately $316,000.
• Institutional ownership of McDonald's stock stands at 70.29%, with various funds including Brighton Jones LLC and Bank Pictet & Cie Europe AG increasing their stakes recently.
• The company plans to pay a quarterly dividend of $1.77, with an annualized dividend yield of 2.4%, reflecting a payout ratio of 62.49%.

Hoxton Planning & Management LLC purchased a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,013 shares of the fast-food giant's stock, valued at approximately $316,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Brighton Jones LLC raised its holdings in shares of 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 period. Revolve Wealth Partners LLC raised its holdings in shares of McDonald's by 2.8% in the 4th 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 period. Bank Pictet & Cie Europe AG raised its holdings in shares of McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the period. GHE LLC raised its holdings in shares of McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after purchasing an additional 136 shares during the period. Finally, RFG Bristol Wealth Advisors LLC bought a new stake in shares of McDonald's in the 4th quarter valued at about $290,000. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on MCD. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Piper Sandler upped their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Melius began coverage on shares of McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price target on the stock. Finally, Truist Financial upped their price target on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $323.39.

Insider Buying and Selling at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction 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 transaction, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm'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 transaction, the insider directly owned 9,283 shares of the company's stock, valued at $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 3,817 shares of company stock valued at $1,147,992 in the last ninety days. Insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD opened at $300.30 on Friday. The company has a market cap of $214.72 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 3.18 and a beta of 0.53. The firm has a 50 day simple moving average of $299.68 and a 200 day simple moving average of $303.37. McDonald's Corporation has a one year low of $262.40 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.70 EPS. As a group, analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business 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 $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 2.4%. McDonald's's dividend payout ratio is presently 62.49%.

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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