DekaBank Deutsche Girozentrale Has $298.74 Million Stake in McDonald's Corporation $MCD

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in McDonald's by 7.6% in Q2, ending with 1,021,608 shares valued at approximately $298.74 million.
• McDonald's announced a quarterly dividend of $1.77 per share, amounting to an annualized total of $7.08, with a yield of 2.3%.
• Analyst ratings for McDonald's show eleven "Buy" ratings, fifteen "Hold" ratings, and two "Sell" ratings, with an average target price of $324.68.

DekaBank Deutsche Girozentrale trimmed its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,021,608 shares of the fast-food giant's stock after selling 84,296 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.14% of McDonald's worth $298,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WealthPlan Investment Management LLC boosted its position in McDonald's by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after purchasing an additional 32 shares during the period. Security Financial Services INC. lifted its position in McDonald's by 0.7% during the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after purchasing an additional 33 shares during the period. Ascent Wealth Partners LLC lifted its position in McDonald's by 0.3% during the first quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant's stock worth $3,620,000 after purchasing an additional 34 shares during the period. Platform Technology Partners lifted its position in McDonald's by 0.4% during the first quarter. Platform Technology Partners now owns 8,617 shares of the fast-food giant's stock worth $2,692,000 after purchasing an additional 35 shares during the period. Finally, Alexander Labrunerie & CO. Inc. lifted its position in McDonald's by 3.4% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant's stock worth $334,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. Morgan Stanley set a $335.00 price objective on shares of McDonald's in a research report on Friday. Bank of America cut their price objective on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of McDonald's in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, BMO Capital Markets increased their target price on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, McDonald's presently has an average rating of "Hold" and an average target price of $324.68.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the 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 of the company's stock, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is owned by company insiders.

McDonald's Price Performance

McDonald's stock opened at $308.02 on Monday. The business has a 50 day moving average of $306.29 and a 200-day moving average of $305.41. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company has a market capitalization of $219.80 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.25 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last released 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 company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The firm's revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's dividend payout ratio is currently 60.67%.

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.

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