IFM Investors Pty Ltd Has $40.63 Million Position in McDonald's Corporation $MCD

Key Points

• IFM Investors Pty Ltd reduced its position in McDonald's Corporation (NYSE:MCD) by 1.8%, selling 2,385 shares in the first quarter, leaving them with 130,072 shares valued at $40.63 million.
• Several institutional investors increased their stakes in McDonald's, with First American Trust FSB and Banque Transatlantique SA raising their holdings significantly by 55.9% and 58.0% respectively.
• McDonald's reported $3.19 earnings per share for the last quarter, exceeding analyst estimates, and announced a quarterly dividend of $1.77 to be paid on September 16th.

IFM Investors Pty Ltd decreased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,072 shares of the fast-food giant's stock after selling 2,385 shares during the quarter. IFM Investors Pty Ltd's holdings in McDonald's were worth $40,631,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MCD. Brighton Jones LLC grew its position in shares of McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC grew its holdings in McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the period. Bank Pictet & Cie Europe AG increased its stake in McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares in the last quarter. GHE LLC increased its stake in McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after purchasing an additional 136 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in McDonald's in the fourth quarter valued at approximately $331,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent analyst reports. Barclays upped their target price on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Melius initiated coverage on shares of McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 target price for the company. KeyCorp reaffirmed an "overweight" rating and issued a $335.00 target price (up previously from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. TD Securities reaffirmed a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. Finally, Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, McDonald's currently has a consensus rating of "Hold" and a consensus target price of $325.14.

McDonald's Stock Down 1.1%

MCD traded down $3.29 during trading hours on Monday, hitting $302.11. 1,712,057 shares of the company's stock were exchanged, compared to its average volume of 3,527,941. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock's 50-day moving average is $305.33 and its two-hundred day moving average is $306.57. The stock has a market cap of $215.59 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.11 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same quarter in the prior year, the company posted $2.97 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio is presently 60.67%.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,341 shares of company stock worth $2,544,327. Company insiders own 0.25% of the company's stock.

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.