McDonald’s Co. (NYSE:MCD) Stake Reduced by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC lessened its holdings in McDonald’s Co. (NYSE:MCD) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,714 shares of the fast-food giant’s stock after selling 1,340 shares during the period. McDonald’s makes up 2.6% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 6th largest position. Stokes Capital Advisors LLC’s holdings in McDonald’s were worth $7,673,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ullmann Wealth Partners Group LLC boosted its position in shares of McDonald’s by 4.4% during the 2nd quarter. Ullmann Wealth Partners Group LLC now owns 1,094 shares of the fast-food giant’s stock worth $326,000 after purchasing an additional 46 shares during the period. Capital Advisors Wealth Management LLC boosted its position in shares of McDonald’s by 3.8% during the second quarter. Capital Advisors Wealth Management LLC now owns 3,726 shares of the fast-food giant’s stock worth $1,112,000 after buying an additional 135 shares during the period. Thrive Wealth Management LLC grew its stake in shares of McDonald’s by 3.7% in the second quarter. Thrive Wealth Management LLC now owns 4,556 shares of the fast-food giant’s stock valued at $1,360,000 after buying an additional 163 shares in the last quarter. Tlwm grew its stake in shares of McDonald’s by 1.8% in the second quarter. Tlwm now owns 2,678 shares of the fast-food giant’s stock valued at $799,000 after buying an additional 48 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in shares of McDonald’s by 10.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,497 shares of the fast-food giant’s stock valued at $1,342,000 after buying an additional 432 shares during the period. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MCD has been the subject of several research reports. Barclays lifted their target price on McDonald’s from $330.00 to $345.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Bank of America upped their target price on shares of McDonald’s from $319.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. Stephens reissued an “overweight” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Thursday, July 27th. Oppenheimer boosted their price target on shares of McDonald’s from $315.00 to $330.00 in a research note on Friday, July 28th. Finally, KeyCorp increased their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Five investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $323.17.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $291.35, for a total transaction of $1,307,287.45. Following the completion of the sale, the insider now directly owns 12,038 shares of the company’s stock, valued at approximately $3,507,271.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $282.54, for a total transaction of $194,387.52. Following the transaction, the executive vice president now directly owns 20,019 shares in the company, valued at $5,656,168.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $291.35, for a total transaction of $1,307,287.45. Following the transaction, the insider now directly owns 12,038 shares of the company’s stock, valued at $3,507,271.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,149 shares of company stock worth $5,257,201. Company insiders own 0.27% of the company’s stock.

McDonald’s Stock Down 0.0 %

NYSE:MCD traded down $0.05 during mid-day trading on Monday, reaching $278.18. 750,972 shares of the stock were exchanged, compared to its average volume of 2,540,298. McDonald’s Co. has a 1 year low of $230.58 and a 1 year high of $299.35. The company has a 50 day simple moving average of $287.27 and a 200-day simple moving average of $286.22. The stock has a market capitalization of $202.73 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.78 and a beta of 0.64.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.40. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period last year, the firm posted $2.55 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, research analysts predict that McDonald’s Co. will post 11.49 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a $1.52 dividend. The ex-dividend date is Thursday, August 31st. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.19%. McDonald’s’s payout ratio is 55.93%.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.