Belpointe Asset Management LLC Has $5.31 Million Stock Holdings in McDonald's Corporation $MCD

Key Points

• Belpointe Asset Management LLC increased its holdings in McDonald's Corporation by 30.5%, totaling $5.31 million worth of shares after acquiring an additional 4,245 shares in the second quarter.
• Several hedge funds have also made notable adjustments to their stakes in McDonald's, with 70.29% of the stock now owned by institutional investors and hedge funds.
• McDonald's reported a quarterly EPS of $3.19, surpassing the consensus estimate, and announced a quarterly dividend of $1.77 per share for a yield of 2.4%.

Belpointe Asset Management LLC lifted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 30.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,170 shares of the fast-food giant's stock after purchasing an additional 4,245 shares during the period. Belpointe Asset Management LLC's holdings in McDonald's were worth $5,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in McDonald's in the first quarter valued at $1,324,961,000. Price T Rowe Associates Inc. MD increased its stake in shares of 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 buying an additional 1,344,954 shares during the period. Goldman Sachs Group Inc. raised its position in shares of McDonald's by 19.6% during the first 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. T. Rowe Price Investment Management Inc. lifted its stake in shares of McDonald's by 732.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant's stock worth $203,211,000 after acquiring an additional 572,408 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in McDonald's by 204.8% in the second quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant's stock valued at $177,390,000 after acquiring an additional 407,982 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCD. Truist Financial raised their price target on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. KeyCorp reaffirmed an "overweight" rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Citigroup boosted their price objective on McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, Guggenheim restated a "neutral" rating on shares of McDonald's in a research report on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $325.86.

McDonald's Stock Performance

MCD stock opened at $300.72 on Monday. The stock's 50 day simple moving average is $306.93 and its 200 day simple moving average is $306.15. The company has a market cap of $214.59 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

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, beating the consensus estimate of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.4%. McDonald's's dividend payout ratio is presently 60.67%.

Insider Buying and Selling at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. 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 company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock valued at $2,273,407 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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