26,412 Shares in McDonald's Corporation $MCD Purchased by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in McDonald's Corporation, purchasing 26,412 shares valued at approximately $8.29 million.
• McDonald's reported earnings per share of $3.19 for the last quarter, beating analyst expectations of $3.15, along with a revenue of $6.84 billion, which was higher than the anticipated $6.68 billion.
• The company announced a quarterly dividend of $1.77 per share, with a dividend yield of 2.3%, payable on September 16th to shareholders of record.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,412 shares of the fast-food giant's stock, valued at approximately $8,289,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Brighton Jones LLC lifted its position in McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the period. GHE LLC raised its stake in shares of McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after purchasing an additional 136 shares during the period. Finally, Triumph Capital Management purchased a new stake in shares of McDonald's during the fourth quarter valued at approximately $331,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock worth $2,544,327 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MCD. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a research note on Thursday, July 10th. Redburn Atlantic reiterated a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. JPMorgan Chase & Co. lifted their price objective on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. KeyCorp reiterated an "overweight" rating and set a $335.00 price objective (up previously from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Finally, Melius began coverage on shares of McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $325.14.

McDonald's Price Performance

Shares of NYSE:MCD traded down $2.94 during midday trading on Friday, reaching $305.49. The company had a trading volume of 2,072,499 shares, compared to its average volume of 2,771,965. The stock's fifty day moving average price is $305.33 and its 200-day moving average price is $306.57. The stock has a market capitalization of $218.00 billion, a P/E ratio of 26.18, a PEG ratio of 3.11 and a beta of 0.49. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.97 earnings per share. As a group, sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's payout ratio is presently 60.67%.

About McDonald's

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.