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

Capstone Triton Financial Group LLC raised its position in McDonald’s Co. (NYSE:MCD) by 2.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,370 shares of the fast-food giant’s stock after buying 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 SEC filing.

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

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,193 shares of company stock worth $1,403,593. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.0 %

Shares of MCD stock opened at $296.77 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. 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 P/E ratio of 25.19, a P/E/G ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its quarterly earnings results 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). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $3.17 earnings per share. As a group, equities research analysts expect that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on MCD shares. Citigroup boosted their price objective on shares of McDonald’s from $275.00 to $301.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. raised their price target on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Jefferies Financial Group raised their price objective on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Finally, The Goldman Sachs Group started coverage on McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.11.

McDonald’s 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.