Chicago Partners Investment Group LLC Purchases 1,241 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Chicago Partners Investment Group LLC increased its holdings in McDonald's by 6.6%, owning 20,151 shares valued at approximately $6.41 million as of its latest SEC filing.
• McDonald's reported a quarterly earnings per share (EPS) of $3.19, beating estimates and showing a revenue increase of 5.4% year-over-year, totaling $6.84 billion.
• The company announced a quarterly dividend of $1.77, reflecting a dividend yield of 2.3% with a payout ratio of 62.49%.

Chicago Partners Investment Group LLC lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,151 shares of the fast-food giant's stock after acquiring an additional 1,241 shares during the period. Chicago Partners Investment Group LLC's holdings in McDonald's were worth $6,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC raised its position in McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after acquiring an additional 33 shares during the period. CVA Family Office LLC grew its holdings in McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after acquiring an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC raised its holdings in McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares in the last quarter. Security Financial Services INC. increased its stake in shares of McDonald's by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after acquiring an additional 33 shares in the last quarter. Finally, Northeast Financial Consultants Inc grew its position in McDonald's by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after purchasing an additional 34 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,280 shares of company stock valued at $2,215,178. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.1%

Shares of McDonald's stock traded up $0.28 on Monday, hitting $305.73. The stock had a trading volume of 880,229 shares, compared to its average volume of 3,602,332. The business's 50 day moving average is $298.57 and its two-hundred day moving average is $304.63. McDonald's Corporation has a twelve month low of $265.33 and a twelve month high of $326.32. The stock has a market cap of $218.17 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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 business 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. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.3%. McDonald's's payout ratio is presently 60.67%.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Melius began coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price for the company. Citigroup increased their price target on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Barclays increased their target price on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Evercore ISI raised their target price on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $326.87.

McDonald's 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.