Stokes Capital Advisors LLC Increases Stake in McDonald’s Co. (NYSE:MCD)

Stokes Capital Advisors LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 13.6% during the second quarter, Holdings Channel.com reports. The fund owned 32,665 shares of the fast-food giant’s stock after buying an additional 3,898 shares during the period. McDonald’s comprises approximately 2.3% of Stokes Capital Advisors LLC’s holdings, making the stock its 11th biggest position. Stokes Capital Advisors LLC’s holdings in McDonald’s were worth $8,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in MCD. Roffman Miller Associates Inc. PA increased its holdings in McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after purchasing an additional 2,546 shares during the last quarter. Aigen Investment Management LP purchased a new stake in McDonald’s in the 4th quarter valued at $4,286,000. Strait & Sound Wealth Management LLC purchased a new position in shares of McDonald’s during the fourth quarter worth about $211,000. Choreo LLC raised its stake in shares of McDonald’s by 22.0% during the fourth quarter. Choreo LLC now owns 23,244 shares of the fast-food giant’s stock worth $6,892,000 after purchasing an additional 4,190 shares during the last quarter. Finally, Vestor Capital LLC boosted its holdings in shares of McDonald’s by 40.4% in the fourth quarter. Vestor Capital LLC now owns 74,427 shares of the fast-food giant’s stock valued at $22,068,000 after acquiring an additional 21,413 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,794 shares of company stock valued at $1,234,491. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.3 %

McDonald’s stock traded up $3.62 during mid-day trading on Friday, hitting $278.49. 3,286,217 shares of the company’s stock traded hands, compared to its average volume of 3,568,595. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The firm has a 50 day moving average price of $258.71 and a 200 day moving average price of $270.87. The company has a market cap of $200.70 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the firm earned $3.17 EPS. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MCD shares. Truist Financial decreased their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Jefferies Financial Group decreased their price objective on McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets decreased their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. KeyCorp reduced their target price on McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Guggenheim lifted their price objective on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $303.00.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.