McDonald's Corporation $MCD Shares Purchased by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA increased its stake in McDonald's Corporation by 58%, owning 248,826 shares valued at $71.83 million.
• Analysts have mixed views on McDonald's stock, with a consensus price target of $324.91, and varying ratings from "buy" to "sell."
• McDonald's reported earnings of $3.19 per share for the last quarter, exceeding expectations, with quarterly revenue of $6.84 billion, up 5.4% year-over-year.

Banque Transatlantique SA boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 58.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,826 shares of the fast-food giant's stock after acquiring an additional 91,313 shares during the period. McDonald's comprises 1.3% of Banque Transatlantique SA's investment portfolio, making the stock its 11th biggest holding. Banque Transatlantique SA's holdings in McDonald's were worth $71,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's in the 4th quarter valued at $25,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's in the 4th quarter valued at $29,000. Abound Financial LLC purchased a new position in shares of McDonald's in the 1st quarter valued at $30,000. Copia Wealth Management purchased a new position in shares of McDonald's in the 4th quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of McDonald's in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Down 0.8%

Shares of MCD traded down $2.69 during trading hours on Friday, reaching $314.30. The company had a trading volume of 2,533,016 shares, compared to its average volume of 2,961,695. The firm has a 50 day simple moving average of $303.87 and a 200-day simple moving average of $306.48. The company has a market capitalization of $224.28 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 3.20 and a beta of 0.50. McDonald's Corporation has a 12-month low of $276.53 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm posted $2.97 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts forecast 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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 60.67%.

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,341 shares of company stock valued at $2,544,327. Insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MCD shares. Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 target price (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Piper Sandler increased their price target on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and decreased their price target for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Twelve analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $325.35.

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.