Steward Partners Investment Advisory LLC Grows Stock Holdings in McDonald's Corporation $MCD

Key Points

• Steward Partners Investment Advisory LLC increased its stake in McDonald's by 1.4%, owning 120,787 shares valued at approximately $37.73 million as of the end of the last quarter.
• McDonald's announced a quarterly dividend of $1.77 per share, representing a 2.3% yield, to be paid on September 16th.
• Despite recent analyst ratings showing a mix of buy, hold, and sell ratings, McDonald's stock has an average price target of $326.87 and currently trades around $308.76.

Steward Partners Investment Advisory LLC raised its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,787 shares of the fast-food giant's stock after acquiring an additional 1,685 shares during the period. Steward Partners Investment Advisory LLC's holdings in McDonald's were worth $37,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the 4th quarter valued at about $25,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's in the 4th quarter worth approximately $29,000. Abound Financial LLC bought a new stake in shares of McDonald's in the 1st quarter worth approximately $30,000. Copia Wealth Management bought a new stake in shares of McDonald's in the 4th quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of McDonald's during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.0%

Shares of NYSE MCD traded up $0.0750 during midday trading on Thursday, hitting $313.1550. The company's stock had a trading volume of 2,274,012 shares, compared to its average volume of 3,601,825. The business's 50 day moving average is $298.57 and its two-hundred day moving average is $305.40. The firm has a market cap of $223.47 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.17 and a beta of 0.52. 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 released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $2.97 EPS. On average, analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given 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 payout ratio is currently 60.67%.

Analyst Ratings Changes

MCD has been the topic of several analyst reports. Redburn Atlantic reissued a "sell" rating and issued a $260.00 target price (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. BMO Capital Markets reiterated an "outperform" rating and set a $350.00 price objective (up previously from $345.00) on shares of McDonald's in a research report on Thursday, August 7th. Morgan Stanley upped their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Guggenheim restated a "neutral" rating on shares of McDonald's in a research report on Friday, August 8th. Finally, Robert W. Baird upped their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, McDonald's presently has a consensus rating of "Hold" and a consensus target price of $326.87.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald'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 completion of the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 976 shares of McDonald's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $303.50, for a total value of $296,216.00. Following the completion of the transaction, the chief marketing officer owned 7,882 shares of the company's stock, valued at approximately $2,392,187. This represents a 11.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,280 shares of company stock worth $2,525,178. 0.25% of the stock is owned by insiders.

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.