McDonald's Corporation $MCD Shares Acquired by American Century Companies Inc.

Key Points

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American Century Companies Inc. boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,158 shares of the fast-food giant's stock after acquiring an additional 17,830 shares during the period. American Century Companies Inc.'s holdings in McDonald's were worth $78,142,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of McDonald's in the 1st quarter valued at approximately $1,324,961,000. GAMMA Investing LLC grew its stake in shares of McDonald's by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after buying an additional 3,488,982 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of McDonald's in the 4th quarter valued at approximately $350,935,000. Northern Trust Corp grew its stake in shares of McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of McDonald's by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock valued at $1,556,485,000 after buying an additional 815,768 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other McDonald's 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 transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,341 shares of company stock valued at $2,229,327 in the last quarter. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research note on Friday. Melius started coverage on shares of McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price target for the company. TD Cowen upped their price objective on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, McDonald's presently has an average rating of "Hold" and an average price target of $326.38.

McDonald's Price Performance

Shares of MCD stock traded up $0.5810 during trading hours on Friday, hitting $313.8010. The company had a trading volume of 2,018,904 shares, compared to its average volume of 3,591,200. The stock has a market capitalization of $223.93 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The company's fifty day moving average is $298.77 and its 200 day moving average is $305.56.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for 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 firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.97 EPS. Equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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 issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's dividend payout ratio is 60.67%.

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.