Flossbach Von Storch SE Has $143.82 Million Stock Holdings in McDonald's Corporation (NYSE:MCD)

Flossbach Von Storch SE reduced its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,417 shares of the fast-food giant's stock after selling 57,281 shares during the period. Flossbach Von Storch SE owned 0.06% of McDonald's worth $143,820,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MCD. Norges Bank acquired a new position in McDonald's in the 4th quarter valued at $2,725,190,000. GAMMA Investing LLC increased its position in McDonald's by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after buying an additional 3,488,982 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald's during the fourth quarter worth approximately $350,935,000. Northern Trust Corp boosted its position in shares of McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after acquiring an additional 895,896 shares during the period. Finally, Franklin Resources Inc. raised its stake in McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after purchasing an additional 794,536 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MCD shares. Piper Sandler boosted their price objective on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Truist Financial upped their price target on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a report on Wednesday. KeyCorp decreased their price objective on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Argus cut McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, TD Securities restated a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $321.46.

McDonald's Stock Performance

Shares of NYSE MCD traded up $1.66 during trading on Wednesday, reaching $293.33. The company had a trading volume of 3,235,088 shares, compared to its average volume of 3,537,168. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a market cap of $209.74 billion, a PE ratio of 25.89, a PEG ratio of 3.06 and a beta of 0.53. The business's 50 day moving average price is $305.18 and its 200-day moving average price is $302.45.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm posted $2.70 earnings per share. The company's revenue was down 3.5% on a year-over-year basis. Equities analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 2,817 shares of company stock valued at $865,843. Corporate insiders own 0.25% of the company's stock.

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.