Compagnie Lombard Odier SCmA Has $80.21 Million Stock Position in McDonald's Corporation $MCD

Key Points

• Compagnie Lombard Odier SCmA reduced its stake in McDonald's Corporation by 22.9%, owning 274,522 shares worth approximately $80.21 million as of its latest SEC filing.
• McDonald's reported a quarterly earnings per share (EPS) of $3.19, exceeding the consensus estimate of $3.15, and a revenue of $6.84 billion, up 5.4% year-over-year.
• The company declared a quarterly dividend of $1.77, resulting in an annualized dividend yield of 2.3%, with a payout ratio of 60.67%.

Compagnie Lombard Odier SCmA decreased its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,522 shares of the fast-food giant's stock after selling 81,595 shares during the period. McDonald's makes up 1.1% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 23rd largest holding. Compagnie Lombard Odier SCmA's holdings in McDonald's were worth $80,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Brighton Jones LLC grew its stake in shares of McDonald's by 21.6% in the fourth 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 during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of McDonald's by 2.8% in the fourth 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 during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after acquiring an additional 27,774 shares during the last quarter. GHE LLC boosted its stake in McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after buying an additional 136 shares in the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in McDonald's during the fourth quarter worth $67,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent research reports. Guggenheim reiterated a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Melius initiated coverage on shares of McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 price target on the stock. 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. Finally, TD Securities reiterated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $325.86.

McDonald's Trading Up 0.4%

McDonald's stock opened at $303.47 on Tuesday. The business has a 50-day moving average of $306.09 and a 200-day moving average of $306.29. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The firm has a market capitalization of $216.56 billion, a P/E ratio of 26.00, a PEG ratio of 3.08 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (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 business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the firm earned $2.97 EPS. McDonald's's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's payout ratio is currently 60.67%.

Insiders Place Their Bets

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock valued at $2,273,407 over the last 90 days. 0.25% of the stock is owned by company insiders.

About McDonald's

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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