Banque Cantonale Vaudoise Buys Shares of 27,033 McDonald's Corporation (NYSE:MCD)

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 first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,033 shares of the fast-food giant's stock, valued at approximately $8,444,000.

A number of other hedge funds have also modified their holdings of MCD. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the 4th quarter worth approximately $25,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's during the 4th quarter worth approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in McDonald's in the 4th quarter worth approximately $30,000. Abound Financial LLC purchased a new stake in McDonald's in the 1st quarter worth approximately $30,000. Finally, Copia Wealth Management purchased a new stake in McDonald's in the 4th quarter worth approximately $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Up 0.9%

Shares of MCD traded up $2.85 during midday trading on Friday, hitting $302.92. The company had a trading volume of 2,353,027 shares, compared to its average volume of 3,587,769. The company's 50 day moving average price is $299.68 and its 200 day moving average price is $303.37. The stock has a market cap of $216.60 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.18 and a beta of 0.53. McDonald's Corporation has a 52 week low of $265.33 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Wall Street Analyst Weigh In

Several analysts have commented on MCD shares. Robert W. Baird lifted their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Barclays lifted their price target on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Melius began coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 price target on the stock. Citigroup lifted their price target on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Truist Financial lifted their price target on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $323.39.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business'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 completion of the transaction, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business'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 transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,817 shares of company stock valued at $1,147,992. Insiders own 0.25% of the company's stock.

McDonald's 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.