Hamilton Capital LLC Increases Holdings in McDonald's Corporation $MCD

Key Points

• Hamilton Capital LLC increased its stake in McDonald's Corporation by 35.2%, now owning 3,145 shares valued at approximately $982,000.
• A quarterly dividend of $1.77 was declared, payable on September 16th, with an annualized yield of 2.3% and a payout ratio of 60.67%.
• Analyst ratings for McDonald's show a mixed consensus, with twelve analysts issuing a Buy rating, fourteen a Hold, and two a Sell rating, resulting in an average target price of $325.35.

Hamilton Capital LLC raised its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 35.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,145 shares of the fast-food giant's stock after purchasing an additional 819 shares during the quarter. Hamilton Capital LLC's holdings in McDonald's were worth $982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new position in McDonald's in the 4th quarter valued at $25,000. Pinney & Scofield Inc. bought a new position in McDonald's in the 4th quarter valued at $29,000. Abound Financial LLC bought a new position in McDonald's in the 1st quarter valued at $30,000. Copia Wealth Management bought a new position in McDonald's in the 4th quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC bought a new position in McDonald's in the 1st quarter valued at $31,000. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated 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 $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 8,341 shares of company stock worth $2,544,327. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent analyst reports. Guggenheim restated a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their price objective on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Piper Sandler increased their price target on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. KeyCorp reiterated an "overweight" rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Finally, BMO Capital Markets increased their price target on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $325.14.

McDonald's Stock Down 1.0%

MCD traded down $2.94 during trading on Friday, reaching $305.49. 2,066,895 shares of the company were exchanged, compared to its average volume of 3,534,119. The company's 50-day moving average is $305.09 and its two-hundred day moving average is $306.61. The company has a market cap of $218.00 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.12 and a beta of 0.50. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 EPS. Equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued 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%.

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.