Banco Bilbao Vizcaya Argentaria S.A. Acquires 16,955 Shares of McDonald's Corporation $MCD

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 20.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,646 shares of the fast-food giant's stock after purchasing an additional 16,955 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in McDonald's were worth $31,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of MCD. Nuveen LLC bought a new position in McDonald's during the first quarter valued at $1,324,961,000. GAMMA Investing LLC lifted its holdings 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 worth $1,092,645,000 after acquiring an additional 3,488,982 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of McDonald's in the 4th quarter worth about $350,935,000. Northern Trust Corp lifted its holdings 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 worth $2,570,511,000 after acquiring an additional 895,896 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings 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 worth $1,556,485,000 after acquiring an additional 815,768 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

NYSE MCD opened at $308.71 on Tuesday. The company has a market capitalization of $220.30 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.15 and a beta of 0.52. The company's 50-day simple moving average is $298.14 and its two-hundred day simple moving average is $305.31. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32.

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

McDonald's Announces Dividend

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 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 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald'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 transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald'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 transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, 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 quarter, insiders have sold 7,280 shares of company stock valued at $2,215,178. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the subject of several analyst reports. Bank of America lowered their target price on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a report on Friday, July 18th. TD Cowen raised their target price 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. Guggenheim restated a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Melius initiated coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price for the company. Finally, Robert W. Baird raised their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $326.87.

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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