McDonald's Corporation $MCD Shares Purchased by Stokes Capital Advisors LLC

Key Points

• Stokes Capital Advisors LLC increased its stake in McDonald's by 3.2% in Q2, holding a total of 37,693 shares valued at approximately $11 million.
• Institutional investors now own 70.29% of McDonald's stock, with significant increases in holdings by major firms like Price T Rowe Associates and Vanguard Group.
• McDonald's shares recently reported an earnings per share of $3.19, surpassing estimates, and announced a quarterly dividend of $1.77 per share, yielding 2.3% annually.

Stokes Capital Advisors LLC increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,693 shares of the fast-food giant's stock after purchasing an additional 1,168 shares during the quarter. McDonald's comprises about 2.7% of Stokes Capital Advisors LLC's portfolio, making the stock its 9th biggest position. Stokes Capital Advisors LLC's holdings in McDonald's were worth $11,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MCD. Nuveen LLC acquired a new position in shares of McDonald's during the first quarter valued at $1,324,961,000. GAMMA Investing LLC raised its holdings in McDonald's by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in McDonald's by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after buying an additional 1,344,954 shares during the period. Goldman Sachs Group Inc. lifted its holdings in McDonald's by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock valued at $1,556,485,000 after buying an additional 815,768 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in McDonald's in the fourth quarter valued at approximately $211,824,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Piper Sandler increased their price objective on shares of McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a report on Thursday, July 10th. Guggenheim restated a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Finally, TD Cowen increased their price objective on shares of McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, McDonald's has a consensus rating of "Hold" and a consensus price target of $325.86.

McDonald's Stock Up 0.4%

Shares of MCD traded up $1.16 on Friday, hitting $302.30. The company's stock had a trading volume of 5,689,476 shares, compared to its average volume of 3,553,051. The firm's fifty day moving average price is $306.01 and its 200-day moving average price is $306.47. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $215.72 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 3.11 and a beta of 0.50.

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 for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.97 earnings per share. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's payout ratio is currently 60.67%.

Insider Activity at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares of the company's stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,341 shares of company stock valued at $2,544,327. 0.25% of the stock is owned by insiders.

About McDonald's

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.