Level Four Advisory Services LLC Has $8.92 Million Stock Holdings in McDonald's Corporation $MCD

Key Points

• Level Four Advisory Services LLC increased its holdings in McDonald's Corporation by 4.3% to $8.92 million, now owning 28,553 shares.
• McDonald's reported $3.19 EPS for the last quarter, exceeding analysts' expectations of $3.15, with revenue rising by 5.4% year-over-year.
• The company announced a quarterly dividend of $1.77 per share, representing a yield of 2.3% and a payout ratio of 60.67%.

Level Four Advisory Services LLC lifted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,553 shares of the fast-food giant's stock after buying an additional 1,176 shares during the period. Level Four Advisory Services LLC's holdings in McDonald's were worth $8,919,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of McDonald's by 21.6% during 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 last quarter. Revolve Wealth Partners LLC boosted its position in McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after buying an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after buying an additional 27,774 shares in the last quarter. GHE LLC grew its stake in shares of McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after buying an additional 136 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of McDonald's by 29.1% during the fourth quarter. First Trust Advisors LP now owns 250,700 shares of the fast-food giant's stock worth $72,675,000 after buying an additional 56,575 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Price Performance

Shares of MCD stock opened at $310.6130 on Wednesday. The stock has a market capitalization of $221.65 billion, a PE ratio of 26.62, a PEG ratio of 3.15 and a beta of 0.52. The business's 50 day simple moving average is $298.34 and its 200 day simple moving average is $305.35. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32.

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 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 firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company earned $2.97 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's dividend payout ratio is 60.67%.

Insiders Place Their Bets

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 976 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $303.50, for a total value of $296,216.00. Following the sale, the chief marketing officer owned 7,882 shares in the company, valued at approximately $2,392,187. The trade was a 11.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,280 shares of company stock valued at $2,525,178. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MCD shares. Bank of America cut their price objective on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Melius initiated coverage on McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 price target on the stock. Robert W. Baird boosted their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Evercore ISI raised their price objective on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, TD Securities reiterated a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus target price of $326.87.

About McDonald's

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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