Aberdeen Group plc Raises Stock Holdings in McDonald's Corporation $MCD

Key Points

• Aberdeen Group plc increased its holdings in McDonald's Corporation by 108.6%, acquiring an additional 266,895 shares to total 512,644 shares worth approximately $158.2 million.
• McDonald's reported a quarterly earnings per share (EPS) of $3.19, beating analyst estimates, with revenues of $6.84 billion, a 5.4% increase year-over-year.
• The company declared a quarterly dividend of $1.77 per share, representing an annualized dividend of $7.08 and a yield of 2.3%.

Aberdeen Group plc increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 108.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 512,644 shares of the fast-food giant's stock after purchasing an additional 266,895 shares during the period. Aberdeen Group plc owned approximately 0.07% of McDonald's worth $158,184,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MCD. WealthPlan Investment Management LLC boosted its position in shares of McDonald's by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after buying an additional 32 shares during the last quarter. Granite Bay Wealth Management LLC raised its stake in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC raised its stake in shares of McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC raised its stake in shares of McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares during the period. Finally, Security Financial Services INC. raised its stake in shares of McDonald's by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,280 shares of company stock worth $2,215,178 over the last ninety days. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of MCD traded up $1.9130 during trading hours on Tuesday, hitting $310.6130. The stock had a trading volume of 2,875,391 shares, compared to its average volume of 3,602,388. The firm has a market capitalization of $221.65 billion, a PE ratio of 26.62, a PEG ratio of 3.15 and a beta of 0.52. The stock has a fifty day moving average price of $298.14 and a 200 day moving average price of $305.31. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.97 earnings per share. As a group, 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. Stockholders of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is presently 60.67%.

Wall Street Analyst Weigh In

Several research firms recently commented on MCD. Bank of America reduced their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Truist Financial upped their price objective on McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research note on Thursday, July 10th. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $326.87.

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.