McDonald's Corporation $MCD Shares Purchased by Maple Capital Management Inc.

Key Points

• Maple Capital Management Inc. increased its holdings in McDonald's Corporation by 117.8%, bringing its total to 3,532 shares valued at over $1 million.
• McDonald's reported a quarterly EPS of $3.19, surpassing analyst estimates, with revenues reaching $6.84 billion, marking a **5.4% increase** year-over-year.
• The company announced a quarterly dividend of $1.77 to be paid to shareholders, signifying an annualized yield of **2.3%** and a payout ratio of 60.67%.

Maple Capital Management Inc. raised its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 117.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,532 shares of the fast-food giant's stock after acquiring an additional 1,910 shares during the period. Maple Capital Management Inc.'s holdings in McDonald's were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MCD. Brighton Jones LLC raised its holdings in shares of McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after buying an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of 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 during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of 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 during the last quarter. GHE LLC raised its holdings in 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 purchasing an additional 136 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in McDonald's during the fourth quarter worth about $331,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

Shares of MCD stock traded down $2.94 during midday trading on Friday, reaching $305.49. 2,072,499 shares of the company traded hands, compared to its average volume of 2,771,965. The firm's 50 day simple moving average is $305.33 and its two-hundred day simple moving average is $306.57. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The firm has a market cap of $218.00 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (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 during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm 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 anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

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

Insider Activity at McDonald's

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,341 shares of company stock valued at $2,544,327 in the last 90 days. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCD. BMO Capital Markets raised their price objective on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Guggenheim restated a "neutral" rating on shares of McDonald's in a research report on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Friday, August 22nd. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Piper Sandler raised their price objective on shares of McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and a consensus price target of $325.14.

McDonald's Company 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.