Commerzbank Aktiengesellschaft FI Purchases 5,518 Shares of McDonald's Corporation (NYSE:MCD)

Commerzbank Aktiengesellschaft FI lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 353,637 shares of the fast-food giant's stock after acquiring an additional 5,518 shares during the quarter. McDonald's makes up about 2.6% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 11th biggest holding. Commerzbank Aktiengesellschaft FI's holdings in McDonald's were worth $110,466,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in McDonald's by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after buying an additional 526,466 shares in the last quarter. Geode Capital Management LLC lifted its position in McDonald's by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after buying an additional 157,458 shares in the last quarter. Capital Research Global Investors lifted its position in McDonald's by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after buying an additional 531,070 shares in the last quarter. Norges Bank purchased a new stake in McDonald's in the 4th quarter worth approximately $2,725,190,000. Finally, Northern Trust Corp lifted its position in McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,817 shares of company stock valued at $1,165,843 over the last ninety days. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. Citigroup raised their price target on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Redburn Atlantic restated a "sell" rating and set a $260.00 price target (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Piper Sandler raised their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. TD Securities restated a "hold" rating and set a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. Finally, Barclays raised their price target on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $319.48.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $1.36 during midday trading on Thursday, reaching $300.26. 3,134,160 shares of the company's stock were exchanged, compared to its average volume of 3,527,651. The company's 50 day simple moving average is $303.10 and its two-hundred day simple moving average is $302.60. The firm has a market capitalization of $214.70 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. McDonald's Corporation has a 12 month low of $246.12 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.70 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 was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

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.