Banco Santander S.A. Acquires 1,463 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Banco Santander S.A. increased its stake in McDonald's Corporation by 4.1%, acquiring an additional 1,463 shares, bringing their total holdings to 37,287 shares valued at approximately $11.65 million.
• Several institutional investors, including Capital Research and Northern Trust, also raised their stakes in McDonald's during the 4th quarter, contributing to a total of 70.29% of the stock being owned by institutional investors.
• McDonald's recently announced a quarterly dividend of $1.77 per share, with an annualized dividend of $7.08, reflecting a yield of 2.3% and a payout ratio of 62.49%.

Banco Santander S.A. boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,287 shares of the fast-food giant's stock after purchasing an additional 1,463 shares during the period. Banco Santander S.A.'s holdings in McDonald's were worth $11,647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its stake in shares of McDonald's by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after acquiring an additional 531,070 shares during the last quarter. Northern Trust Corp lifted its stake 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 valued at $2,570,511,000 after acquiring an additional 895,896 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of McDonald's by 11.2% in 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 valued at $1,454,963,000 after acquiring an additional 504,085 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of McDonald's by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 4,595,245 shares of the fast-food giant's stock valued at $1,332,116,000 after acquiring an additional 226,752 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of McDonald's by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 4,501,727 shares of the fast-food giant's stock valued at $1,304,965,000 after acquiring an additional 74,250 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MCD. Robert W. Baird increased their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. KeyCorp decreased their price objective on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Piper Sandler increased their price objective on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Morgan Stanley increased their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $323.39.

McDonald's Price Performance

Shares of MCD opened at $302.88 on Friday. McDonald's Corporation has a one year low of $265.33 and a one year high of $326.32. The company has a market cap of $216.57 billion, a PE ratio of 26.73, a P/E/G ratio of 3.17 and a beta of 0.52. The stock has a 50-day moving average of $299.44 and a 200-day moving average of $303.66.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates 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 in the previous year, the company posted $2.70 EPS. The firm's revenue was down 3.5% compared to the same quarter last year. Analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

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 $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's payout ratio is presently 62.49%.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated 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 sale, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated 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. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock valued at $1,147,992 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

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.

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