Capstone Triton Financial Group LLC Acquires 96 Shares of McDonald’s Co. (NYSE:MCD)

Capstone Triton Financial Group LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,370 shares of the fast-food giant’s stock after acquiring an additional 96 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in McDonald’s were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the 1st quarter worth about $28,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $38,000. Kings Path Partners LLC bought a new stake in McDonald’s in the 2nd quarter valued at $38,000. Accent Capital Management LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $44,000. Finally, Transcendent Capital Group LLC bought a new position in shares of McDonald’s during the 4th quarter worth about $45,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 1.0 %

Shares of MCD opened at $296.77 on Friday. The stock’s fifty day simple moving average is $277.30 and its 200-day simple moving average is $270.88. The firm has a market capitalization of $213.88 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the company earned $3.17 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The transaction was disclosed in a filing 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 dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,193 shares of company stock worth $1,403,593. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCD. Bank of America lowered their target price on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. The Goldman Sachs Group started coverage on McDonald’s in a research note on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective on the stock. Truist Financial cut their target price on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Guggenheim upped their price target on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $306.11.

About McDonald’s

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.