McDonald's Corporation $MCD Shares Bought by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its stake in McDonald's Corporation by 10.3%, holding 88,658 shares valued at approximately $27.69 million after acquiring an additional 8,293 shares in the first quarter.
• McDonald's announced a quarterly dividend of $1.77 to be paid on September 16th, representing an annualized yield of 2.3% and a payout ratio of 60.67%.
• Despite reporting strong earnings of $3.19 per share and revenues of $6.84 billion, McDonald's stock showed a slight decline of 0.1% and currently has mixed ratings from analysts.

Aptus Capital Advisors LLC lifted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,658 shares of the fast-food giant's stock after acquiring an additional 8,293 shares during the quarter. Aptus Capital Advisors LLC's holdings in McDonald's were worth $27,694,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $25,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $29,000. Abound Financial LLC purchased a new position in shares of McDonald's during the first quarter valued at approximately $30,000. Copia Wealth Management acquired a new position in McDonald's during the fourth quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald's during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other 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 value of $770,970.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 in the company, 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 7,280 shares of company stock valued at $2,215,178 in the last 90 days. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Down 0.1%

McDonald's stock opened at $308.76 on Monday. The stock has a market cap of $220.33 billion, a PE ratio of 26.46, a P/E/G ratio of 3.15 and a beta of 0.52. The business's 50-day moving average price is $298.06 and its two-hundred day moving average price is $305.17. McDonald's Corporation has a 12-month low of $274.70 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $6.68 billion. During the same period in the prior year, the firm earned $2.97 earnings per share. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. 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 (DPR) is presently 60.67%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MCD shares. Melius started coverage on McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 target price for the company. Redburn Atlantic reissued a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Barclays raised their target price on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and cut their target price for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, McDonald's presently has an average rating of "Hold" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.