1832 Asset Management L.P. Buys 940 Shares of McDonald's Corporation $MCD

Key Points

• 1832 Asset Management L.P. increased its stake in McDonald's Corporation by 0.1% during Q1, now owning 1,393,338 shares valued at approximately $435 million.
• The company reported earnings per share of $3.19 for the last quarter, exceeding consensus estimates, with revenue up 5.4% year-over-year.
• McDonald's declared a quarterly dividend of $1.77 per share, representing an annualized yield of 2.3% and a payout ratio of 60.67%.

1832 Asset Management L.P. raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,393,338 shares of the fast-food giant's stock after acquiring an additional 940 shares during the quarter. 1832 Asset Management L.P. owned 0.19% of McDonald's worth $435,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MCD. Vanguard Group Inc. increased its position in shares of McDonald's by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock worth $21,993,689,000 after purchasing an additional 239,753 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of McDonald's by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock worth $2,917,993,000 after purchasing an additional 1,344,954 shares during the last quarter. Northern Trust Corp grew its stake in McDonald's by 1.1% in the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock worth $2,800,447,000 after purchasing an additional 97,966 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in McDonald's by 11.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,019,019 shares of the fast-food giant's stock valued at $1,454,963,000 after buying an additional 504,085 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 815,768 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,341 shares of company stock worth $2,229,327. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MCD. Barclays upped their price target on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Morgan Stanley boosted their target price on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. BMO Capital Markets reissued an "outperform" rating and set a $350.00 target price (up from $345.00) on shares of McDonald's in a report on Thursday, August 7th. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a report on Thursday, July 10th. Finally, Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $326.38.

McDonald's Stock Up 0.2%

NYSE MCD traded up $0.5810 on Friday, hitting $313.8010. The stock had a trading volume of 2,796,690 shares, compared to its average volume of 3,499,843. The company's 50-day moving average is $299.02 and its two-hundred day moving average is $305.92. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market cap of $223.93 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 3.20 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 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 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.97 earnings per share. On average, sell-side analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

McDonald's Company Profile

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.