Brookstone Capital Management Has $18.74 Million Holdings in McDonald's Co. (NYSE:MCD)

Brookstone Capital Management raised its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,448 shares of the fast-food giant's stock after purchasing an additional 9,936 shares during the period. Brookstone Capital Management's holdings in McDonald's were worth $18,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Independent Wealth Network Inc. raised its position in McDonald's by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant's stock valued at $256,000 after purchasing an additional 35 shares in the last quarter. Concentric Wealth Management LLC increased its holdings in shares of McDonald's by 1.4% in the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant's stock worth $756,000 after buying an additional 35 shares during the period. Paragon Capital Management Ltd increased its holdings in shares of McDonald's by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant's stock worth $407,000 after buying an additional 36 shares during the period. Mechanics Financial Corp increased its holdings in shares of McDonald's by 0.7% in the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant's stock worth $1,581,000 after buying an additional 36 shares during the period. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of McDonald's by 2.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant's stock worth $376,000 after buying an additional 36 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company's stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares in the company, valued at $3,842,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now owns 15,878 shares in the company, valued at approximately $4,209,734.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,095 shares of company stock valued at $1,100,625. 0.23% of the stock is owned by insiders.

McDonald's Price Performance

McDonald's stock traded down $3.04 during mid-day trading on Tuesday, reaching $257.34. The stock had a trading volume of 4,251,805 shares, compared to its average volume of 3,394,228. The company has a market capitalization of $185.46 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.92 and a beta of 0.72. The company has a 50-day moving average price of $264.15 and a two-hundred day moving average price of $279.82. McDonald's Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.71 by ($0.01). McDonald's had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the firm earned $2.63 EPS. The business's revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts anticipate that McDonald's Co. will post 12.19 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald's's dividend payout ratio (DPR) is 56.71%.

Analyst Upgrades and Downgrades

MCD has been the topic of several analyst reports. BMO Capital Markets decreased their price objective on McDonald's from $335.00 to $330.00 and set an "outperform" rating on the stock in a report on Wednesday, May 1st. Stifel Nicolaus decreased their price objective on McDonald's from $315.00 to $300.00 and set a "hold" rating on the stock in a report on Thursday, April 11th. Erste Group Bank reissued a "hold" rating on shares of McDonald's in a research note on Wednesday, April 3rd. Truist Financial cut their target price on McDonald's from $337.00 to $320.00 and set a "buy" rating on the stock in a research note on Thursday, May 2nd. Finally, Morgan Stanley cut their target price on McDonald's from $327.00 to $320.00 and set an "overweight" rating on the stock in a research note on Friday, April 12th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $315.14.

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.

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