Trinity Legacy Partners LLC Takes $2.47 Million Position in McDonald's Corporation $MCD

Key Points

• Trinity Legacy Partners LLC has acquired a new stake in McDonald's, buying 8,264 shares worth approximately $2.47 million in the second quarter.
• During the last quarter, McDonald's reported a 5.4% increase in revenue year-over-year, totaling $6.84 billion, while beating analysts' EPS estimates of $3.15 with earnings of $3.19.
• McDonald's has declared a quarterly dividend of $1.77 per share, yielding 2.4%, with a payout ratio of 60.67% as of the last dividend payment.

Trinity Legacy Partners LLC bought a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,264 shares of the fast-food giant's stock, valued at approximately $2,470,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. WealthPlan Investment Management LLC lifted its stake in shares of McDonald's by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after purchasing an additional 32 shares during the period. CVA Family Office LLC raised its stake in McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after buying an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC raised its stake in McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares during the last quarter. Security Financial Services INC. raised its stake in McDonald's by 0.7% during the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after buying an additional 33 shares during the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in McDonald's by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

McDonald's stock opened at $300.09 on Friday. The stock has a market cap of $214.15 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a fifty day moving average of $306.88 and a 200 day moving average of $306.19.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 earnings per share. As a group, sell-side analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $1.77 dividend. 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%.

Analyst Ratings Changes

A number of research analysts have issued reports on MCD shares. Redburn Atlantic reiterated a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and lowered their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Truist Financial lifted their price objective on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Barclays boosted their price target on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Guggenheim restated a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, McDonald's currently has a consensus rating of "Hold" and a consensus price target of $325.86.

Insider Buying and Selling

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,402 shares of company stock worth $2,273,407. Corporate insiders own 0.25% of the company's stock.

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.

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