Matthew Goff Investment Advisor LLC Boosts Holdings in McDonald's Corporation $MCD

Key Points

• Matthew Goff Investment Advisor LLC increased its holdings in McDonald's by 116.8% in Q2, acquiring an additional 1,051 shares to a total of 1,951 shares valued at $570,000.
• Recent institutional investments showed significant activity, with Vanguard Group and Goldman Sachs boosting their stakes in McDonald's by 0.3% and 19.6% respectively during the first quarter.
• McDonald's reported a 5.4% year-over-year revenue increase, with earnings of $3.19 per share beating analysts' expectations of $3.15 for the quarter.

Matthew Goff Investment Advisor LLC lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 116.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,951 shares of the fast-food giant's stock after purchasing an additional 1,051 shares during the quarter. Matthew Goff Investment Advisor LLC's holdings in McDonald's were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Kingstone Capital Partners Texas LLC bought a new stake in shares of McDonald's in the second quarter valued at about $35,779,000. IFM Investors Pty Ltd raised its holdings in shares of McDonald's by 3.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 134,915 shares of the fast-food giant's stock valued at $39,418,000 after purchasing an additional 4,843 shares during the period. Perkins Coie Trust Co boosted its stake in shares of McDonald's by 73.1% in the second quarter. Perkins Coie Trust Co now owns 1,572 shares of the fast-food giant's stock valued at $459,000 after buying an additional 664 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in McDonald's in the second quarter valued at approximately $471,000. Finally, Clare Market Investments LLC raised its stake in shares of McDonald's by 26.8% during the second quarter. Clare Market Investments LLC now owns 2,519 shares of the fast-food giant's stock valued at $736,000 after acquiring an additional 532 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction that occurred on Wednesday, August 6th. The shares were 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. The trade was a 22.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock valued at $2,544,327 over the last 90 days. Company insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MCD. BMO Capital Markets boosted their price target on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Morgan Stanley boosted their price target on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. TD Cowen lifted 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. Barclays boosted their price target on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research note on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $325.86.

McDonald's Trading Up 0.4%

NYSE MCD traded up $1.16 during trading hours on Friday, reaching $302.30. 5,689,476 shares of the company's stock were exchanged, compared to its average volume of 2,880,444. The firm has a fifty day moving average of $306.06 and a 200-day moving average of $306.44. The stock has a market cap of $215.72 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.08 and a beta of 0.50. 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 posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the business earned $2.97 earnings per share. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was 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 (DPR) is 60.67%.

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.