Beck Mack & Oliver LLC Has $673,000 Stock Position in McDonald's Corporation $MCD

Key Points

• Beck Mack & Oliver LLC increased its stake in McDonald's Corporation by 73.1% during the first quarter, now owning shares valued at $673,000.
• Institutional investors hold approximately 70.29% of McDonald's stock, with major stakeholders like Vanguard Group and Goldman Sachs significantly boosting their holdings.
• McDonald's announced a quarterly dividend of $1.77 per share, representing an annualized yield of 2.3%, with a payout ratio of 60.67%.

Beck Mack & Oliver LLC grew its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 73.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,155 shares of the fast-food giant's stock after acquiring an additional 910 shares during the period. Beck Mack & Oliver LLC's holdings in McDonald's were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of McDonald's by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock valued at $21,993,689,000 after buying an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in McDonald's by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after acquiring an additional 1,344,954 shares during the last quarter. Northern Trust Corp increased its position in McDonald's by 1.1% in the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock worth $2,800,447,000 after purchasing an additional 97,966 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 purchasing an additional 504,085 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in McDonald's by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock valued at $1,556,485,000 after purchasing an additional 815,768 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Performance

Shares of MCD opened at $313.68 on Friday. The stock has a 50 day simple moving average of $301.22 and a 200 day simple moving average of $306.18. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The firm has a market capitalization of $223.84 billion, a PE ratio of 26.88, a P/E/G ratio of 3.19 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the firm posted $2.97 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Equities research analysts predict 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. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

Insider Transactions at McDonald's

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 976 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $303.50, for a total transaction of $296,216.00. Following the transaction, the chief marketing officer directly owned 7,882 shares of the company's stock, valued at $2,392,187. This represents a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,341 shares of company stock worth $2,229,327. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCD. Melius started coverage on shares of McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 price target for the company. Guggenheim reiterated a "neutral" rating on shares of McDonald's in a research report on Friday, August 8th. Evercore ISI increased their price target on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Truist Financial lifted their price objective on McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, TD Cowen upped their price target on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, McDonald's currently has an average rating of "Hold" and an average price target of $326.38.

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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