Intech Investment Management LLC Grows Stock Position in McDonald's Corporation $MCD

Key Points

• Intech Investment Management LLC increased its stake in McDonald's Corporation by 11.3% during the first quarter, owning 27,818 shares valued at approximately $8.69 million.
• Several institutional investors, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, have also increased their positions in McDonald's, reflecting a trend of institutional investment in the company.
• McDonald's disclosed a quarterly dividend of $1.77 per share with a yield of 2.3%, which will be paid on September 16th to investors of record as of September 2nd.

Intech Investment Management LLC raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,818 shares of the fast-food giant's stock after acquiring an additional 2,820 shares during the quarter. Intech Investment Management LLC's holdings in McDonald's were worth $8,690,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in McDonald's by 2.8% during the 4th 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 in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in McDonald's by 15.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC raised its position in shares of McDonald's by 0.9% in the 4th 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 purchased a new position in shares of McDonald's during the 4th quarter valued at approximately $331,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares of the company's stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,341 shares of company stock valued at $2,544,327 over the last three months. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Down 2.0%

MCD opened at $306.17 on Thursday. The company's 50-day moving average price is $304.80 and its 200 day moving average price is $306.60. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a market cap of $218.48 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 3.18 and a beta of 0.50.

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

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid 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 is Tuesday, September 2nd. McDonald's's dividend payout ratio is presently 60.67%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MCD shares. Citigroup upped their price target on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Truist Financial upped their target price on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. KeyCorp reissued an "overweight" rating and issued a $335.00 price objective (up from $325.00) on shares of McDonald's in a report on Thursday, August 7th. Finally, TD Cowen upped their price objective on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. 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's stock. Based on data from MarketBeat, McDonald's presently has an average rating of "Hold" and an average price target of $325.14.

McDonald's 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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