MOKAN Wealth Management Inc. Has $3.47 Million Position in McDonald's Corporation $MCD

Key Points

• MOKAN Wealth Management Inc. increased its position in McDonald's Corporation by 8.7%, owning 11,884 shares valued at approximately $3.47 million, making it the firm's 15th largest holding.
• McDonald's reported $3.19 earnings per share for its latest quarter, exceeding analysts' expectations and showing a year-over-year revenue increase of 5.4%.
• The company announced a quarterly dividend of $1.77 per share, reflecting an annualized yield of 2.4% and a payout ratio of 60.67%.

MOKAN Wealth Management Inc. boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,884 shares of the fast-food giant's stock after buying an additional 951 shares during the period. McDonald's comprises 1.9% of MOKAN Wealth Management Inc.'s portfolio, making the stock its 15th largest holding. MOKAN Wealth Management Inc.'s holdings in McDonald's were worth $3,473,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in McDonald's during the first quarter worth $26,000. HFM Investment Advisors LLC acquired a new stake in McDonald's during the first quarter worth $26,000. Abound Financial LLC acquired a new stake in McDonald's during the first quarter worth $30,000. GFG Capital LLC acquired a new stake in McDonald's during the second quarter worth $29,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in McDonald's during the first quarter worth $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Up 1.1%

Shares of NYSE MCD opened at $297.07 on Monday. The firm's 50-day simple moving average is $306.31 and its 200 day simple moving average is $305.69. The company has a market cap of $211.99 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth 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 results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.97 EPS. On average, equities analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on MCD. BMO Capital Markets lifted their price target on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Guggenheim lowered their target price on shares of McDonald's from $310.00 to $295.00 and set a "neutral" rating on the stock in a report on Friday. Citigroup increased their target price on shares of McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. KeyCorp reiterated an "overweight" rating and set a $335.00 target price (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Finally, Melius began coverage on shares of McDonald's in a research report on Monday, July 14th. They set a "sell" rating and a $250.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and a consensus price target 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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