Jones Financial Companies Lllp Grows Stake in McDonald's Corporation $MCD

Key Points

• Jones Financial Companies Lllp increased its stake in McDonald's Corporation by 24.6% during the first quarter, owning 173,782 shares worth approximately $53 million as of the last filing.
• McDonald's reported quarterly earnings of $3.19 per share, surpassing analysts' expectations of $3.15, with revenue of $6.84 billion reflecting a year-over-year increase of 5.4%.
• The company announced a quarterly dividend of $1.77 per share, reflecting an annualized dividend of $7.08 and a yield of 2.3%, set to be paid to investors on September 16th.

Jones Financial Companies Lllp boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 24.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,782 shares of the fast-food giant's stock after purchasing an additional 34,319 shares during the period. Jones Financial Companies Lllp's holdings in McDonald's were worth $53,483,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new stake in McDonald's during the fourth quarter worth approximately $25,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald's in the first quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at approximately $29,000. Abound Financial LLC bought a new position in McDonald's in the first quarter worth approximately $30,000. Finally, Copia Wealth Management bought a new position in McDonald's in the fourth quarter worth approximately $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Price Performance

Shares of NYSE:MCD opened at $305.49 on Friday. The firm has a market capitalization of $218.00 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.14 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 company's fifty day moving average price is $305.33 and its 200 day moving average price is $306.59.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the business posted $2.97 earnings per share. McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

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 dividend yield of 2.3%. McDonald's's dividend payout ratio is presently 60.67%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Securities reissued a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Citigroup increased their target price on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. TD Cowen increased their target price on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and decreased their price target for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Finally, Truist Financial increased their price objective on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $325.14.

Insider Activity

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares of the company's stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is currently owned by corporate 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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