McDonald's Corporation (NYSE:MCD) Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in McDonald's Corporation by 3.3%, now owning 28,110 shares valued at approximately $8.78 million.
• McDonald's recently declared a quarterly dividend of $1.77, which translates to an annual yield of 2.3% and a payout ratio of 62.49%.
• The company's most recent earnings report revealed earnings per share of $2.67, meeting analysts' expectations, but revenue of $5.96 billion fell short of the anticipated $6.17 billion.

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,110 shares of the fast-food giant's stock after acquiring an additional 910 shares during the period. McDonald's makes up about 1.0% of IQ EQ FUND MANAGEMENT IRELAND Ltd's portfolio, making the stock its 18th largest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in McDonald's were worth $8,781,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in shares of McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after purchasing an additional 531,070 shares during the period. Northern Trust Corp grew its stake in shares of McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of McDonald's by 11.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,019,019 shares of the fast-food giant's stock worth $1,454,963,000 after buying an additional 504,085 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of McDonald's by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 4,595,245 shares of the fast-food giant's stock valued at $1,332,116,000 after buying an additional 226,752 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in McDonald's by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 4,501,727 shares of the fast-food giant's stock valued at $1,304,965,000 after acquiring an additional 74,250 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, 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. Insiders have sold a total of 7,280 shares of company stock worth $2,215,178 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MCD shares. Piper Sandler lifted their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and reduced their price objective for the company from $346.00 to $315.00 in a report on Friday, June 6th. Bank of America lowered their target price on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Redburn Atlantic restated a "sell" rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 target price (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $323.39.

McDonald's Stock Performance

MCD stock traded up $8.70 during midday trading on Wednesday, reaching $307.47. 6,440,748 shares of the company were exchanged, compared to its average volume of 3,609,722. The company has a market cap of $219.85 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.13 and a beta of 0.52. McDonald's Corporation has a 1-year low of $265.33 and a 1-year high of $326.32. The stock's 50-day simple moving average is $298.92 and its 200 day simple moving average is $303.96.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The company's revenue was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is 62.49%.

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.