Banco BTG Pactual S.A. Invests $312,000 in McDonald's Corporation $MCD

Key Points

• Banco BTG Pactual S.A. invested approximately $312,000 in McDonald's Corporation by acquiring 1,000 shares in the 1st quarter.
• Institutional ownership of McDonald's is significant, with 70.29% of the stock held by hedge funds and other investors, including firms like Vanguard and Goldman Sachs increasing their positions.
• McDonald's recently announced a quarterly dividend of $1.77, yielding 2.3%, with a payout ratio of 60.67%.

Banco BTG Pactual S.A. bought a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 1,000 shares of the fast-food giant's stock, valued at approximately $312,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of McDonald's by 0.3% during the first quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock worth $21,993,689,000 after purchasing an additional 239,753 shares in the last quarter. Northern Trust Corp increased its stake in McDonald's by 1.1% during the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock worth $2,800,447,000 after buying an additional 97,966 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in McDonald's by 11.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,019,019 shares of the fast-food giant's stock worth $1,454,963,000 after buying an additional 504,085 shares during the period. Goldman Sachs Group Inc. lifted its holdings in 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 buying an additional 815,768 shares in the last quarter. Finally, Invesco Ltd. boosted its position in McDonald's by 9.0% in the 1st quarter. Invesco Ltd. now owns 4,664,299 shares of the fast-food giant's stock valued at $1,456,987,000 after buying an additional 386,392 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on MCD shares. Piper Sandler boosted their price target on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Robert W. Baird increased their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating and set a $350.00 price target (up previously from $345.00) on shares of McDonald's in a research report on Thursday, August 7th. Finally, TD Cowen lifted their price target on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $326.87.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction 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 $2,657,400. This represents a 10.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,280 shares of company stock valued at $2,525,178. 0.25% of the stock is currently owned by insiders.

McDonald's Trading Up 0.7%

Shares of NYSE MCD opened at $313.13 on Thursday. The business has a 50 day simple moving average of $298.57 and a 200-day simple moving average of $305.40. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a market capitalization of $223.45 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.17 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $6.84 billion during 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 firm's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.97 earnings per share. As a group, equities analysts predict 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 $1.77 dividend. 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 currently 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.

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