Cullen Capital Management LLC Buys Shares of 4,137 McDonald's Corporation $MCD

Cullen Capital Management LLC bought a new position in McDonald's Corporation (NYSE:MCD - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,137 shares of the fast-food giant's stock, valued at approximately $1,118,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in McDonald's during the 4th quarter valued at about $2,890,438,000. Bank of New York Mellon Corp purchased a new stake in shares of McDonald's in the 2nd quarter worth approximately $1,359,276,000. Diamant Asset Management Inc. lifted its position in shares of McDonald's by 30,979.0% in the 1st quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant's stock worth $806,917,000 after purchasing an additional 2,587,986 shares during the period. J. Stern & Co. LLP boosted its stake in shares of McDonald's by 9,867.5% during the fourth quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant's stock valued at $776,608,000 after purchasing an additional 2,515,515 shares in the last quarter. Finally, Viking Global Investors LP boosted its stake in shares of McDonald's by 171.7% during the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant's stock valued at $913,157,000 after purchasing an additional 1,974,998 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Evercore set a $320.00 price objective on shares of McDonald's in a research note on Thursday, July 23rd. Barclays cut their price target on McDonald's from $380.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, May 8th. TD Cowen reissued a "hold" rating on shares of McDonald's in a research report on Tuesday, August 4th. UBS Group set a $305.00 price objective on McDonald's in a research note on Wednesday, August 5th. Finally, Morgan Stanley dropped their price objective on McDonald's from $322.00 to $319.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $325.88.

McDonald's Trading Up 0.6%

Shares of MCD opened at $272.53 on Tuesday. McDonald's Corporation has a 12 month low of $260.96 and a 12 month high of $341.75. The stock has a fifty day moving average price of $272.08 and a 200-day moving average price of $293.16. The firm has a market cap of $192.85 billion, a PE ratio of 22.14, a P/E/G ratio of 3.04 and a beta of 0.41.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.06. McDonald's had a negative return on equity of 572.06% and a net margin of 31.72%.The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the previous year, the business earned $3.19 EPS. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts forecast that McDonald's Corporation will post 12.88 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $1.86 per share. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. McDonald's's payout ratio is presently 60.44%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 5,252 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares in the company, valued at $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the transaction, the executive vice president directly owned 6,268 shares of the company's stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.26% of the stock is currently owned by insiders.

Key McDonald's News

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

• Positive Sentiment: Brokerages maintain a consensus rating of “Moderate Buy” on McDonald’s, providing some support for the shares. Analysts’ constructive view follows the company’s latest quarterly report, in which adjusted EPS exceeded expectations, although revenue was slightly below estimates. McDonald's Corporation Receives Consensus Rating of Moderate Buy from Brokerages
• Positive Sentiment: McDonald’s is positioning its beverage lineup to compete more directly with Starbucks’ reported $2 billion Refresher business. Expanding cold-drink offerings could create incremental sales and attract younger or more value-conscious customers, though execution and competitive response remain important. Starbucks built a $2 billion refresher business and now McDonald's wants a piece of the cold drink war
• Neutral Sentiment: McDonald’s was included in recent restaurant, leisure, and broader hospitality stock watchlists. These lists may reinforce the company’s defensive sector profile, but they do not appear to contain new company-specific information. Top Restaurant Stocks Worth Watching Top Leisure Stocks To Keep An Eye On
• Neutral Sentiment: Articles comparing McDonald’s pumpkin spice latte caffeine levels, its egg sourcing, historical menu items, and an abandoned floating restaurant are primarily consumer-interest stories with limited near-term effect on MCD’s valuation. Starbucks vs McDonald's Pumpkin Spice Latte Comparison
• Negative Sentiment: McDonald’s removed a long-running menu favorite after 13 years. While discontinuations can simplify operations and make room for new products, they may temporarily frustrate loyal customers and generate negative social-media attention. McDonald's Just Dropped a Favorite From Its Menu After 13 Years

McDonald's 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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