Nations Financial Group Inc. IA ADV Grows Stock Position in McDonald's Corporation $MCD

Key Points

• Nations Financial Group Inc. IA ADV increased its stake in McDonald's by 17.5%, holding 13,632 shares valued at approximately $4.26 million.
• McDonald's reported earnings of $3.19 per share, exceeding analyst expectations, with a revenue of $6.84 billion for the quarter.
• The company recently announced a quarterly dividend of $1.77, with a dividend yield of 2.3%, scheduled for payment on September 16th.

Nations Financial Group Inc. IA ADV increased its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 17.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,632 shares of the fast-food giant's stock after purchasing an additional 2,031 shares during the period. Nations Financial Group Inc. IA ADV's holdings in McDonald's were worth $4,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MCD. Brighton Jones LLC boosted its stake in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after purchasing an additional 27,774 shares in the last quarter. GHE LLC boosted its stake in McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after purchasing an additional 136 shares in the last quarter. Finally, Jump Financial LLC raised its position in McDonald's by 313.8% during the 4th quarter. Jump Financial LLC now owns 3,567 shares of the fast-food giant's stock worth $1,034,000 after buying an additional 2,705 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $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. Over the last ninety days, insiders sold 7,280 shares of company stock valued at $2,215,178. 0.25% of the stock is currently owned by company insiders.

McDonald's Stock Up 0.6%

MCD traded up $1.9130 on Tuesday, reaching $310.6130. The company's stock had a trading volume of 2,892,356 shares, compared to its average volume of 3,608,417. The stock has a 50 day moving average of $298.14 and a two-hundred day moving average of $305.31. The company has a market capitalization of $221.65 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 3.15 and a beta of 0.52. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during 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%.The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 earnings per share. As a group, analysts anticipate 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. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is presently 60.67%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MCD shares. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and reduced their price target for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Melius started coverage on shares of McDonald's in a research report on Monday, July 14th. They set a "sell" rating and a $250.00 price target for the company. Truist Financial raised their price target on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research report on Thursday, July 10th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus 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.