27,033 Shares in McDonald's Corporation (NYSE:MCD) Purchased by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 27,033 shares of McDonald's, valued at approximately $8,444,000, marking a significant institutional investment during the first quarter.
• Analysts have mixed opinions on McDonald's stock, with a consensus rating of "Hold" and a price target range of $260.00 to $345.00.
• McDonald's declared a quarterly dividend of $1.77 per share, with an annualized yield of 2.37%, indicating a commitment to returning value to shareholders.

Banque Cantonale Vaudoise bought a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,033 shares of the fast-food giant's stock, valued at approximately $8,444,000.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after acquiring an additional 3,488,982 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in McDonald's in the fourth quarter valued at approximately $350,935,000. Northern Trust Corp grew its position in McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after buying an additional 794,536 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of McDonald's during the 4th quarter valued at approximately $211,824,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is owned by corporate insiders.

McDonald's Price Performance

Shares of MCD traded up $3.42 during trading hours on Tuesday, reaching $302.64. 3,147,589 shares of the company's stock traded hands, compared to its average volume of 3,382,429. The firm has a market capitalization of $216.40 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 3.13 and a beta of 0.53. McDonald's Corporation has a twelve month low of $260.31 and a twelve month high of $326.32. The business's fifty day simple moving average is $300.22 and its two-hundred day simple moving average is $303.25.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.70 earnings per share. On average, equities research analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's payout ratio is currently 62.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup increased their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Truist Financial increased their target price on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Argus cut McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Redburn Atlantic reiterated a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Finally, Morgan Stanley raised their price objective on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $322.00.

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.