Caxton Associates LLP Purchases New Shares in McDonald's Corporation $MCD

Key Points

• Caxton Associates LLP acquired 1,177 shares of McDonald's, valued at approximately $368,000, as per their latest 13F filing.
• McDonald's reported earnings of $3.19 per share for the last quarter, surpassing consensus estimates and showing a 5.4% increase in revenue year-over-year.
• The company recently announced a quarterly dividend of $1.77 per share, representing an annualized yield of 2.3% with a payout ratio of 60.67%.

Caxton Associates LLP acquired a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,177 shares of the fast-food giant's stock, valued at approximately $368,000.

Other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in McDonald's during the 4th quarter worth about $25,000. Pinney & Scofield Inc. acquired a new stake in McDonald's in the 4th quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in McDonald's in the 1st quarter valued at approximately $30,000. Copia Wealth Management acquired a new stake in McDonald's in the 4th quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in McDonald's in the 1st quarter valued at approximately $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Price Performance

Shares of MCD stock opened at $305.49 on Friday. The stock's fifty day simple moving average is $305.33 and its 200 day simple moving average is $306.57. The firm has a market cap of $218.00 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.14 and a beta of 0.50. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 EPS. On average, research analysts anticipate 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 will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's payout ratio is currently 60.67%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MCD. Barclays boosted their price objective on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and lowered their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. JPMorgan Chase & Co. boosted their price objective on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Morgan Stanley boosted their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, TD Securities restated a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $325.14.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares of the company's stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $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 8,341 shares of company stock worth $2,544,327 in the last three months. Company insiders own 0.25% of the company's stock.

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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