McDonald's Co. (NYSE:MCD) Shares Bought by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC lifted its position in McDonald's Co. (NYSE:MCD - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,525 shares of the fast-food giant's stock after acquiring an additional 2,509 shares during the quarter. McDonald's accounts for approximately 2.9% of Stokes Capital Advisors LLC's holdings, making the stock its 5th largest position. Stokes Capital Advisors LLC's holdings in McDonald's were worth $11,409,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MCD. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $25,000. Atala Financial Inc acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $27,000. Collier Financial acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of MCD stock traded down $1.54 on Friday, reaching $307.44. 2,621,006 shares of the company's stock traded hands, compared to its average volume of 3,492,654. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market capitalization of $219.83 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The business's 50 day moving average price is $312.29 and its two-hundred day moving average price is $302.57.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the company posted $2.70 earnings per share. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald's's dividend payout ratio is 62.49%.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. Bank of America increased their price target on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Finally, Truist Financial set a $350.00 target price on McDonald's in a research note on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $324.96.

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.