McDonald’s Corporation $MCD is Capstone Financial Advisors Inc.’s 9th Largest Position

Capstone Financial Advisors Inc. cut its position in McDonald’s Corporation (NYSE:MCD) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,270 shares of the fast-food giant’s stock after selling 9,720 shares during the quarter. McDonald’s accounts for 3.5% of Capstone Financial Advisors Inc.’s holdings, making the stock its 9th largest holding. Capstone Financial Advisors Inc.’s holdings in McDonald’s were worth $60,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Nuveen LLC acquired a new position in McDonald’s in the 1st quarter valued at about $1,324,961,000. Price T Rowe Associates Inc. MD boosted its stake in shares of McDonald’s by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of McDonald’s by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock valued at $1,556,485,000 after purchasing an additional 815,768 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of McDonald’s by 732.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock valued at $203,211,000 after purchasing an additional 572,408 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in McDonald’s by 204.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant’s stock worth $177,390,000 after buying an additional 407,982 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 15,134 shares of company stock worth $4,570,716. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $307.11 on Friday. The stock’s fifty day moving average is $303.52 and its two-hundred day moving average is $304.78. The stock has a market cap of $218.71 billion, a PE ratio of 26.32, a P/E/G ratio of 3.23 and a beta of 0.50. 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 data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.23 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio is 63.48%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MCD shares. KeyCorp reissued an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a research report on Monday, October 20th. Robert W. Baird lifted their target price on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. 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 report on Tuesday, October 21st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $323.91.

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.