Commerzbank Aktiengesellschaft FI Boosts Stake in McDonald's Corporation $MCD

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in McDonald's Corporation by 3.1% in Q2, holding a total of 364,484 shares valued at approximately $106.5 million, making McDonald's its 12th largest holding.
• McDonald's reported a quarterly earnings per share of $3.19, surpassing estimates, with a net margin of 32.21% and a year-over-year revenue increase of 5.4%.
• The company declared a quarterly dividend of $1.77 per share, resulting in an annualized dividend yield of 2.4% and a payout ratio of 60.67%.

Commerzbank Aktiengesellschaft FI lifted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,484 shares of the fast-food giant's stock after acquiring an additional 10,847 shares during the quarter. McDonald's accounts for approximately 2.4% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 12th biggest holding. Commerzbank Aktiengesellschaft FI owned approximately 0.05% of McDonald's worth $106,491,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MCD. Brighton Jones LLC boosted its stake in shares of McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after acquiring an additional 52 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in McDonald's by 10.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant's stock valued at $817,000 after buying an additional 258 shares in the last quarter. SSA Swiss Advisors AG purchased a new position in McDonald's in the 1st quarter valued at about $175,000. Finally, GAMMA Investing LLC lifted its stake in McDonald's by 25.3% in the 1st quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant's stock valued at $3,498,000 after buying an additional 2,261 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Trading Down 0.2%

MCD stock opened at $293.76 on Friday. The company has a market cap of $209.63 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 3.00 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. The firm has a 50-day moving average of $306.43 and a two-hundred day moving average of $305.86.

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 analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.97 EPS. As a group, equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. KeyCorp reaffirmed an "overweight" rating and issued a $335.00 price target (up from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Bank of America decreased their price target on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Evercore ISI raised their price target on shares of 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 raised their price target on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $324.73.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock worth $1,973,407 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.

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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