Baader Bank Aktiengesellschaft Buys 842 Shares of McDonald's Corporation $MCD

Key Points

• Baader Bank Aktiengesellschaft increased its stake in McDonald's Corporation by 18.8%, acquiring an additional 842 shares, bringing its total holdings to 5,319 shares valued at approximately $1.55 million.
• Wall Street analysts have adjusted their price targets for McDonald's, with Truist Financial and Barclays setting their new targets at $360, indicating a positive outlook on the stock.
• McDonald's recently announced a quarterly dividend of $1.77 per share, representing an annualized dividend of $7.08 and a yield of 2.3%.

Baader Bank Aktiengesellschaft raised its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 18.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,319 shares of the fast-food giant's stock after buying an additional 842 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in McDonald's were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Nova Wealth Management Inc. bought a new position in shares of McDonald's during the first quarter worth about $26,000. HFM Investment Advisors LLC bought a new stake in McDonald's in the 1st quarter valued at $26,000. Mascagni Wealth Management Inc. bought a new stake in McDonald's in the 4th quarter valued at $25,000. Abound Financial LLC bought a new stake in shares of McDonald's during the 1st quarter valued at $30,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of McDonald's during the 4th quarter worth $29,000. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald's

In related news, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm's 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 sale, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,341 shares of company stock worth $2,544,327 in the last three months. 0.25% of the stock is owned by insiders.

McDonald's Stock Performance

NYSE MCD traded up $1.16 during trading hours on Friday, hitting $302.30. The company had a trading volume of 5,689,476 shares, compared to its average volume of 2,880,444. The firm has a market capitalization of $215.72 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.08 and a beta of 0.50. The firm has a 50 day simple moving average of $306.06 and a 200 day simple moving average of $306.44. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same period in the previous year, the firm earned $2.97 EPS. The business's quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MCD shares. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Piper Sandler boosted their price objective on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Truist Financial upped their target price on McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and lowered their target price for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $325.86.

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.