Stokes Capital Advisors LLC Buys 1,693 Shares of McDonald’s Co. (NYSE:MCD)

Stokes Capital Advisors LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,767 shares of the fast-food giant’s stock after buying an additional 1,693 shares during the quarter. McDonald’s accounts for approximately 2.4% of Stokes Capital Advisors LLC’s portfolio, making the stock its 13th largest holding. Stokes Capital Advisors LLC’s holdings in McDonald’s were worth $8,111,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MCD. Norges Bank bought a new stake in shares of McDonald’s in the fourth quarter worth about $2,684,899,000. Gallagher Fiduciary Advisors LLC grew its stake in shares of McDonald’s by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after purchasing an additional 987,099 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in McDonald’s by 552.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock valued at $234,729,000 after acquiring an additional 670,261 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,095 shares of company stock worth $1,100,625. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD traded down $1.28 during mid-day trading on Friday, reaching $256.89. The stock had a trading volume of 919,631 shares, compared to its average volume of 3,364,949. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a market cap of $185.14 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The company has a fifty day moving average price of $263.91 and a 200 day moving average price of $279.67.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for 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 180.74%. McDonald’s’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.63 earnings per share. As a group, equities research analysts expect that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. McDonald’s’s dividend payout ratio is presently 56.71%.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Stifel Nicolaus cut their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. The Goldman Sachs Group initiated coverage on McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective on the stock. TD Cowen reaffirmed a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 13th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Ten 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $315.14.

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.