Rice Partnership LLC Acquires 933 Shares of McDonald's Corporation $MCD

Key Points

• Rice Partnership LLC increased its stake in McDonald's Corporation by 4.8% during the second quarter, now owning 20,489 shares valued at approximately $5.99 million.
• McDonald's reported earnings of $3.19 per share in its most recent quarterly results, exceeding analyst expectations, alongside a 5.4% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $1.77 per share, reflecting an annualized yield of 2.4%.

Rice Partnership LLC boosted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,489 shares of the fast-food giant's stock after acquiring an additional 933 shares during the quarter. McDonald's accounts for about 1.0% of Rice Partnership LLC's investment portfolio, making the stock its 26th largest position. Rice Partnership LLC's holdings in McDonald's were worth $5,986,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. First American Trust FSB raised its holdings in shares of McDonald's by 55.9% during the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after buying an additional 13,234 shares in the last quarter. Banque Transatlantique SA raised its holdings in shares of McDonald's by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after buying an additional 91,313 shares in the last quarter. Hamilton Capital LLC raised its holdings in shares of McDonald's by 35.2% during the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock valued at $982,000 after buying an additional 819 shares in the last quarter. Red Door Wealth Management LLC raised its holdings in shares of McDonald's by 1.9% during the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after buying an additional 109 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of McDonald's by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after buying an additional 18,393 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald's Trading Down 0.6%

Shares of NYSE:MCD opened at $294.44 on Thursday. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The stock has a fifty day simple moving average of $306.56 and a two-hundred day simple moving average of $305.94. The stock has a market capitalization of $210.11 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 3.02 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping 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 firm had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald's's payout ratio is currently 60.67%.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction 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 transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock worth $1,973,407 over the last three months. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MCD. Royal Bank Of Canada set a $320.00 price objective on McDonald's in a report on Wednesday. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Morgan Stanley raised their price target on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. TD Cowen lifted their price objective on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of McDonald's in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, McDonald's has a consensus rating of "Hold" and an average price target of $324.73.

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.

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