McDonald's Corporation $MCD Shares Acquired by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in McDonald's Corporation by 6.8% during the second quarter, owning a total of 27,049 shares valued at approximately $7.9 million.
• McDonald's reported a net margin of 32.21% and revenue of $6.84 billion for the last quarter, surpassing analysts' expectations.
• The company recently announced a quarterly dividend of $1.77 per share, representing an annualized dividend of $7.08 with a yield of 2.4%.

Fifth Third Wealth Advisors LLC boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,049 shares of the fast-food giant's stock after buying an additional 1,732 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in McDonald's were worth $7,903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nova Wealth Management Inc. bought a new position in McDonald's during the 1st quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new position in McDonald's during the first quarter worth $26,000. Abound Financial LLC bought a new position in McDonald's during the first quarter worth $30,000. GFG Capital LLC bought a new position in McDonald's during the second quarter worth $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in McDonald's during the first quarter worth $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Stock Up 1.1%

Shares of NYSE MCD opened at $297.07 on Friday. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm's 50-day simple moving average is $306.31 and its 200 day simple moving average is $305.79. The stock has a market cap of $211.99 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.09 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share 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 business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same period in the previous year, the business earned $2.97 earnings per share. The company's 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 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.4%. McDonald's's payout ratio is presently 60.67%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction 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 sale, the insider owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock worth $1,973,407 in the last three months. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. KeyCorp restated an "overweight" rating and issued a $335.00 price target (up from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Royal Bank Of Canada began coverage on shares of McDonald's in a report on Wednesday. They issued a "sector perform" rating and a $320.00 target price on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of McDonald's in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus target price of $325.18.

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.

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