RFG Advisory LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 17.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,814 shares of the fast-food giant’s stock after buying an additional 1,729 shares during the period. RFG Advisory LLC’s holdings in McDonald’s were worth $3,011,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. New Hampshire Trust raised its holdings in McDonald’s by 1.3% in the second quarter. New Hampshire Trust now owns 21,393 shares of the fast-food giant’s stock valued at $5,452,000 after acquiring an additional 265 shares in the last quarter. Mogy Joel R Investment Counsel Inc. increased its position in shares of McDonald’s by 5.0% in the 2nd quarter. Mogy Joel R Investment Counsel Inc. now owns 7,696 shares of the fast-food giant’s stock valued at $1,961,000 after purchasing an additional 363 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of McDonald’s by 6.3% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,726 shares of the fast-food giant’s stock valued at $2,987,000 after purchasing an additional 700 shares in the last quarter. Czech National Bank lifted its position in shares of McDonald’s by 7.6% during the 2nd quarter. Czech National Bank now owns 137,333 shares of the fast-food giant’s stock worth $34,998,000 after purchasing an additional 9,709 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. increased its holdings in McDonald’s by 4.3% in the second quarter. Hurlow Wealth Management Group Inc. now owns 2,788 shares of the fast-food giant’s stock valued at $710,000 after buying an additional 114 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at McDonald’s
In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. 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. Insiders own 0.23% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Analysis on McDonald’s
McDonald’s Trading Up 0.2 %
NYSE:MCD traded up $0.53 during trading hours on Monday, hitting $268.44. 1,820,507 shares of the stock traded hands, compared to its average volume of 3,585,721. The firm has a 50 day moving average price of $257.41 and a 200 day moving average price of $271.61. The firm has a market cap of $193.46 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39.
McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the company earned $3.17 earnings per share. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts predict that McDonald’s Co. will post 11.71 EPS for the current year.
McDonald’s Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.49%. McDonald’s’s dividend payout ratio is currently 56.71%.
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.
Recommended Stories
- Five stocks we like better than McDonald’s
- 3 REITs to Buy and Hold for the Long Term
- How to Invest in Silver: A Beginner’s Guide
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Monday.com’s Stock Results Will Brighten Any Investor’s Week
- The Most Important Warren Buffett Stock for Investors: His Own
- 3 Must-Watch Stocks After a Bullish Goldman Sachs Recommendation
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCD – Free Report).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.