Allianz SE Has $20.15 Million Stake in McDonald's Corporation (NYSE:MCD)

Key Points

• Allianz SE decreased its stake in McDonald's by 4.2%, holding 64,494 shares valued at approximately $20.15 million after selling 2,859 shares in the 1st quarter.
• McDonald's reported a net margin of 31.75% for the most recent quarter, with revenue declining by 3.5% year-over-year, totaling $5.96 billion.
• The company declared a quarterly dividend of $1.77 per share, which corresponds to an annualized yield of 2.3%, with a payout ratio of 62.49%.

Allianz SE decreased its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,494 shares of the fast-food giant's stock after selling 2,859 shares during the period. Allianz SE's holdings in McDonald's were worth $20,146,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of McDonald's by 15.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC grew its stake in McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after buying an additional 136 shares during the last quarter. Finally, World Investment Advisors grew its stake in McDonald's by 28.9% in the 4th quarter. World Investment Advisors now owns 8,605 shares of the fast-food giant's stock valued at $2,495,000 after buying an additional 1,930 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.9%

Shares of McDonald's stock opened at $302.88 on Friday. The company has a 50 day moving average of $299.44 and a 200-day moving average of $303.66. McDonald's Corporation has a 1-year low of $265.33 and a 1-year high of $326.32. The company has a market cap of $216.57 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.52.

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

McDonald's Announces Dividend

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

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,817 shares of company stock valued at $1,147,992. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCD. Morgan Stanley upped their price target 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. Bank of America decreased their price target on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Truist Financial upped their price target on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, McDonald's currently has an average rating of "Hold" and an average price target of $323.39.

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.

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