Stokes Family Office LLC Reduces Position in McDonald’s Co. (NYSE:MCD)

Stokes Family Office LLC reduced its position in McDonald’s Co. (NYSE:MCD) by 32.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,953 shares of the fast-food giant’s stock after selling 3,827 shares during the quarter. Stokes Family Office LLC’s holdings in McDonald’s were worth $2,358,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Independent Wealth Network Inc. boosted its holdings in shares of McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the last quarter. Paragon Capital Management Ltd grew its position in McDonald’s by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after acquiring an additional 36 shares during the period. Mechanics Financial Corp increased its stake in McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after acquiring an additional 36 shares during the last quarter. Unique Wealth LLC raised its position in McDonald’s by 1.2% in the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares during the period. Finally, Patron Partners LLC lifted its stake in shares of McDonald’s by 0.7% in the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD traded down $2.96 during trading hours on Friday, hitting $270.32. The company had a trading volume of 2,639,735 shares, compared to its average volume of 3,321,246. The business has a 50 day moving average of $280.07 and a 200-day moving average of $282.21. The company has a market cap of $194.90 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.63 earnings per share. Sell-side analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Guggenheim cut their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday. TD Cowen reissued a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Tuesday. Stephens reiterated an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a report on Monday, February 5th. KeyCorp lowered their price target on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Barclays lowered their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $317.74.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.