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

Flossbach Von Storch SE reduced its position in McDonald's Corporation (NYSE:MCD - Free Report) by 11.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 460,417 shares of the fast-food giant's stock after selling 57,281 shares during the quarter. Flossbach Von Storch SE owned approximately 0.06% of McDonald's worth $143,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

McDonald's Stock Performance

McDonald's stock traded up $1.41 during mid-day trading on Friday, reaching $299.80. 4,494,100 shares of the company were exchanged, compared to its average volume of 3,540,627. The firm's 50-day simple moving average is $304.35 and its two-hundred day simple moving average is $302.44. The firm has a market cap of $214.37 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. McDonald's Corporation has a twelve month low of $246.12 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share 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 during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the business posted $2.70 earnings per share. McDonald's's revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the 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 completion of the sale, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock valued at $1,165,843 over the last three months. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday. TD Securities reaffirmed a "hold" rating and set a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 target price (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Barclays upped their target price on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $322.29.

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.