ASR Vermogensbeheer N.V. Buys Shares of 78,878 McDonald's Corporation (NYSE:MCD)

Key Points

• ASR Vermogensbeheer N.V. has made a significant investment of approximately $24.64 million in McDonald's Corporation, acquiring 78,878 shares in the first quarter.
• Insider selling activity includes CMO Edith Morgan Flatley selling 976 shares for about $296,216, representing an 11.02% decrease in her position.
• McDonald's announced a quarterly dividend of $1.77 per share, with a payout ratio of 62.49% and an annualized dividend yield of 2.4%.

ASR Vermogensbeheer N.V. purchased a new position in McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,878 shares of the fast-food giant's stock, valued at approximately $24,638,000.

Several other institutional investors also recently added to or reduced their stakes in MCD. Red Door Wealth Management LLC increased its position in shares of McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after acquiring an additional 109 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in McDonald's by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after purchasing an additional 18,393 shares in the last quarter. Sagespring Wealth Partners LLC increased its holdings in McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after purchasing an additional 3,212 shares during the period. Segment Wealth Management LLC raised its position in McDonald's by 1.7% during the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after purchasing an additional 937 shares in the last quarter. Finally, Great Waters Wealth Management bought a new stake in McDonald's during the 1st quarter valued at $864,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the topic of several research reports. Citigroup raised their price target on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Evercore ISI raised their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Friday. KeyCorp restated an "overweight" rating and issued a $335.00 price target (up previously from $325.00) on shares of McDonald's in a report on Thursday. TD Securities reiterated a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Finally, Truist Financial lifted their price objective on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $326.87.

Insider Buying and Selling

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,280 shares of company stock worth $2,215,178 in the last 90 days. Insiders own 0.25% of the company's stock.

McDonald's Stock Performance

MCD stock traded down $2.29 during trading on Friday, reaching $305.62. The company had a trading volume of 2,621,959 shares, compared to its average volume of 3,681,905. McDonald's Corporation has a twelve month low of $265.33 and a twelve month high of $326.32. The company has a market cap of $218.09 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 3.21 and a beta of 0.52. The firm has a 50-day simple moving average of $298.57 and a 200-day simple moving average of $304.33.

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

McDonald's Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

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.