True North Advisors LLC Buys 1,106 Shares of McDonald's Corporation $MCD

Key Points

• True North Advisors LLC significantly increased its holdings in McDonald's Corporation by 93.4%, acquiring an additional 1,106 shares and bringing its total to 2,290 shares valued at $669,000.
• McDonald's reported a net margin of 32.21% and earnings per share of $3.19 for the last quarter, surpassing analysts' expectations.
• The company announced a quarterly dividend of $1.77 per share, resulting in an annualized yield of 2.3%, with a dividend payout ratio of 60.67%.

True North Advisors LLC boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 93.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,290 shares of the fast-food giant's stock after purchasing an additional 1,106 shares during the period. True North Advisors LLC's holdings in McDonald's were worth $669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MCD. WealthPlan Investment Management LLC increased its position in shares of McDonald's by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after acquiring an additional 32 shares during the last quarter. Granite Bay Wealth Management LLC increased its holdings in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after buying an additional 33 shares during the last quarter. CVA Family Office LLC raised its position 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 worth $560,000 after acquiring an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC lifted its stake in McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after acquiring an additional 33 shares during the last quarter. Finally, Security Financial Services INC. grew its position in shares of McDonald's by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after acquiring an additional 33 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Performance

NYSE:MCD opened at $302.29 on Friday. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm's 50-day simple moving average is $306.31 and its 200 day simple moving average is $306.15. The firm has a market cap of $215.72 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 3.10 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the firm posted $2.97 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 60.67%.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock valued at $2,273,407 over the last 90 days. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and dropped their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Morgan Stanley raised their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Citigroup boosted their target price on McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Finally, Piper Sandler raised their price target on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus target price of $325.86.

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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