McDonald’s Corporation $MCD Shares Acquired by Stonebrook Private Inc.

Stonebrook Private Inc. boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,855 shares of the fast-food giant’s stock after buying an additional 655 shares during the quarter. Stonebrook Private Inc.’s holdings in McDonald’s were worth $3,176,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MCD. Decker Retirement Planning Inc. grew its holdings in shares of McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 2nd quarter valued at $25,000. HFM Investment Advisors LLC purchased a new position in McDonald’s in the 1st quarter worth about $26,000. Nova Wealth Management Inc. purchased a new position in McDonald’s in the 1st quarter worth about $26,000. Finally, GFG Capital LLC acquired a new stake in McDonald’s during the 2nd quarter worth about $29,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $304.83 on Wednesday. The company has a market capitalization of $217.08 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.23 and a beta of 0.50. The stock’s 50 day moving average price is $303.05 and its 200 day moving average price is $304.42. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the prior year, the firm earned $3.23 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Citigroup reduced their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Stifel Nicolaus upped their price target on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. TD Cowen lifted their target price on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $323.91.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,329 shares of company stock worth $5,237,811 over the last three months. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Company 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.