BI Asset Management Fondsmaeglerselskab A S Acquires 20,427 Shares of McDonald's Corporation $MCD

Key Points

• BI Asset Management increased its McDonald’s stake by 276.2% in the first quarter, buying 20,427 more shares and bringing its total position to 27,823 shares valued at about $8.65 million.
• Analyst sentiment on MCD remains mixed but constructive overall: the stock has a Moderate Buy consensus rating, with 16 Buy ratings, 13 Hold ratings, and an average price target of $336.26.
• McDonald’s reported quarterly results that beat expectations, posting $2.83 EPS versus the $2.74 estimate and revenue of $6.52 billion, while also paying a quarterly dividend of $1.86 per share for a 2.7% yield.

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 276.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,823 shares of the fast-food giant's stock after purchasing an additional 20,427 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in McDonald's were worth $8,647,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Your Advocates Ltd. LLP purchased a new position in shares of McDonald's during the fourth quarter worth approximately $27,000. Park Place Capital Corp boosted its holdings in shares of McDonald's by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant's stock valued at $28,000 after purchasing an additional 45 shares during the period. IFC & Insurance Marketing Inc. bought a new position in McDonald's in the fourth quarter worth approximately $29,000. Abound Financial LLC bought a new position in shares of McDonald's during the 4th quarter worth $30,000. Finally, DecisionPoint Financial LLC lifted its stake in McDonald's by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant's stock worth $31,000 after acquiring an additional 97 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MCD shares. Weiss Ratings lowered McDonald's from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, May 29th. Erste Group Bank lowered McDonald's from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Tigress Financial raised their price objective on McDonald's from $360.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, March 6th. Cfra upgraded McDonald's to a "buy" rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $305.00 target price on shares of McDonald's in a report on Thursday, May 7th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $336.26.

Key Stories Impacting McDonald's

Here are the key news stories impacting McDonald's this week:

• Positive Sentiment: McDonald’s is reviving its original Fried Apple Pie for the first time since 1992, a nostalgia-driven menu move that could boost customer traffic, social buzz, and limited-time sales. McDonald’s (MCD) Brings Back Fried Apple Pie After More Than 30 Years
• Positive Sentiment: Recent analyst coverage highlighted McDonald’s value meals, menu innovation, and brand activations as helping lift same-store sales, with Australia cited as a key area of momentum. McDonald's Blends Value With Brand Activations: Is It Paying Off?
• Positive Sentiment: Seeking Alpha published a rating upgrade arguing McDonald’s “McValue” strategy has finally reached buy territory, reinforcing the case that the company’s value offerings are supporting demand. McDonald's (Mc)Value Finally Reaches Buy Territory (Rating Upgrade)
• Neutral Sentiment: Coverage around McDonald’s AI drive-thru plans suggests the company is still experimenting with automation to improve service and efficiency, but the near-term stock impact is unclear. McDonald’s AI drive-thru may take your next order
• Neutral Sentiment: Several articles about historic landmarks, Happy Meal toys, and food trivia are mostly brand-related publicity and are less likely to materially move the stock on their own.
• Negative Sentiment: Some recent commentary remains cautious, with one article arguing McDonald’s is still delivering but not enough to justify a buy, which may temper enthusiasm for the shares. McDonald's: Still Delivering, But Not Enough For A Buy

McDonald's Trading Up 0.1%

Shares of MCD stock opened at $279.00 on Monday. The business's fifty day simple moving average is $286.98 and its 200-day simple moving average is $305.82. The company has a market cap of $198.23 billion, a PE ratio of 23.00, a PEG ratio of 2.78 and a beta of 0.41. McDonald's Corporation has a 12-month low of $271.85 and a 12-month high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping analysts' consensus estimates of $2.74 by $0.09. McDonald's had a negative return on equity of 442.10% and a net margin of 31.62%.The firm had revenue of $6.52 billion during the quarter, compared to analysts' expectations of $6.47 billion. During the same quarter last year, the firm earned $2.67 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that McDonald's Corporation will post 12.93 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. McDonald's's payout ratio is 61.34%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the transaction, the insider owned 7,734 shares in the company, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares of the company's stock, valued at $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,307 shares of company stock worth $3,262,622. 0.26% of the stock is owned by insiders.

McDonald's Company Profile

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

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