Flossbach Von Storch SE decreased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 460,417 shares of the fast-food giant's stock after selling 57,281 shares during the quarter. Flossbach Von Storch SE owned 0.06% of McDonald's worth $143,820,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MCD. Trek Financial LLC raised its stake in McDonald's by 300.0% in the first quarter. Trek Financial LLC now owns 4,860 shares of the fast-food giant's stock valued at $1,518,000 after buying an additional 3,645 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in McDonald's by 8.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,105,904 shares of the fast-food giant's stock valued at $338,087,000 after buying an additional 84,296 shares in the last quarter. Personal CFO Solutions LLC raised its stake in McDonald's by 4.5% in the first quarter. Personal CFO Solutions LLC now owns 2,786 shares of the fast-food giant's stock valued at $870,000 after buying an additional 120 shares in the last quarter. Opus Capital Group LLC raised its stake in McDonald's by 8.6% in the first quarter. Opus Capital Group LLC now owns 1,990 shares of the fast-food giant's stock valued at $622,000 after buying an additional 157 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in McDonald's by 2.6% in the first quarter. Valeo Financial Advisors LLC now owns 26,104 shares of the fast-food giant's stock valued at $8,154,000 after buying an additional 664 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on MCD shares. Piper Sandler raised 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. Citigroup raised their price objective on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp cut their price objective on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Finally, Barclays lifted their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and an average target price of $322.29.
Check Out Our Latest Report on McDonald's
McDonald's Price Performance
NYSE MCD traded up $5.58 on Thursday, hitting $298.60. 5,364,588 shares of the company's stock were exchanged, compared to its average volume of 3,536,694. The firm's 50-day moving average price is $304.35 and its two-hundred day moving average price is $302.44. McDonald's Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The firm has a market cap of $213.51 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.06 and a beta of 0.53.
McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. The firm's quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal 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 dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.
Insiders Place Their Bets
In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,817 shares of company stock worth $1,165,843. Corporate insiders own 0.25% of the company's stock.
McDonald's Profile
(
Free Report)
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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