McDonald’s Corporation $MCD Stock Position Increased by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC grew its holdings in McDonald’s Corporation (NYSE:MCD) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,100 shares of the fast-food giant’s stock after purchasing an additional 3,407 shares during the quarter. McDonald’s makes up approximately 2.9% of Stokes Capital Advisors LLC’s portfolio, making the stock its 6th largest holding. Stokes Capital Advisors LLC’s holdings in McDonald’s were worth $12,490,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of McDonald’s by 732.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock worth $203,211,000 after purchasing an additional 572,408 shares during the last quarter. GM Advisory Group LLC grew its holdings in shares of McDonald’s by 5.8% during the first quarter. GM Advisory Group LLC now owns 2,524 shares of the fast-food giant’s stock worth $788,000 after buying an additional 138 shares in the last quarter. Finally, Banco BTG Pactual S.A. acquired a new position in shares of McDonald’s in the first quarter valued at approximately $312,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

MCD stock opened at $319.72 on Friday. The stock has a 50-day simple moving average of $306.81 and a 200-day simple moving average of $303.91. The firm has a market cap of $227.69 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 3.54 and a beta of 0.52. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.23 EPS. On average, equities research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, December 1st. McDonald’s’s payout ratio is 63.48%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCD. Robert W. Baird upped their price objective on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Citigroup reduced their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Royal Bank Of Canada began coverage on McDonald’s in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $324.57.

Insiders Place Their Bets

In other McDonald’s news, EVP Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the sale, the executive vice president directly owned 4,606 shares in the company, valued at $1,407,133. The trade was a 58.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total value of $795,520.00. Following the completion of the transaction, the executive vice president directly owned 6,268 shares in the company, valued at approximately $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,516 shares of company stock valued at $13,036,090 in the last three months. 0.25% of the stock is owned by insiders.

About McDonald’s

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.