Baader Bank Aktiengesellschaft Sells 978 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Baader Bank Aktiengesellschaft reduced its stake in McDonald's Corporation by 17.9%, owning 4,477 shares worth approximately $1.36 million after selling 978 shares in the first quarter.
• McDonald's plans to pay a quarterly dividend of $1.77 per share on September 16th, which translates to an annualized yield of 2.34% and a payout ratio of 62.49%.
• Analysts have set a range of price targets for McDonald's stock, with a consensus rating of "Hold" and a price target averaging $322.00.

Baader Bank Aktiengesellschaft trimmed its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 17.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,477 shares of the fast-food giant's stock after selling 978 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in McDonald's were worth $1,361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of McDonald's by 2.8% in the 4th 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 last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of McDonald's by 15.3% in the 4th 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 last quarter. GHE LLC grew its stake in shares of 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 purchasing an additional 136 shares during the last quarter. Finally, Meridian Investment Counsel Inc. purchased a new position in shares of McDonald's in the 4th quarter valued at approximately $366,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Stock Performance

Shares of NYSE:MCD traded down $3.31 during midday trading on Thursday, hitting $300.30. 3,619,632 shares of the stock were exchanged, compared to its average volume of 3,222,961. McDonald's Corporation has a 52-week low of $262.40 and a 52-week high of $326.32. The business's fifty day simple moving average is $299.68 and its two-hundred day simple moving average is $303.37. The company has a market capitalization of $214.72 billion, a PE ratio of 26.50, a P/E/G ratio of 3.18 and a beta of 0.53.

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

McDonald's Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald's's dividend payout ratio (DPR) is 62.49%.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, July 23rd. The stock was 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 of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was 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 directly owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

MCD has been the topic of a number of analyst reports. Piper Sandler lifted their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. BMO Capital Markets restated an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Truist Financial boosted their target price on McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. KeyCorp decreased their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Finally, Barclays boosted their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, McDonald's has an average rating of "Hold" and an average target price 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.