Kera Capital Partners Inc. Takes $1.02 Million Position in McDonald's Corporation $MCD

Key Points

• Kera Capital Partners Inc. acquired a new stake in McDonald's Corporation, purchasing 3,474 shares valued at approximately $1.02 million.
• Insiders at McDonald's have recently sold a total of 8,341 shares, reflecting a notable decrease in their ownership, while institutional investors now hold 70.29% of the company's stock.
• Analysts have adjusted their price targets for McDonald's, with Truist Financial setting a new price objective of $360.00, contributing to a consensus target price of $325.14 among 27 analysts.

Kera Capital Partners Inc. acquired a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,474 shares of the fast-food giant's stock, valued at approximately $1,015,000.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of McDonald's by 0.3% in the first quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock valued at $21,993,689,000 after acquiring an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of McDonald's by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after acquiring an additional 1,344,954 shares during the period. Northern Trust Corp boosted its holdings in shares of McDonald's by 1.1% in the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock valued at $2,800,447,000 after acquiring an additional 97,966 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of McDonald's by 2.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant's stock valued at $1,606,354,000 after acquiring an additional 123,454 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of McDonald's by 11.2% in the fourth 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 valued at $1,454,963,000 after acquiring an additional 504,085 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's 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 transaction, the insider owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MCD shares. Truist Financial increased their price objective on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Piper Sandler upped their price target on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. KeyCorp restated an "overweight" rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their price target on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Redburn Atlantic restated a "sell" rating and set a $260.00 price target (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 assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and a consensus target price of $325.14.

McDonald's Stock Performance

NYSE:MCD opened at $305.49 on Friday. The stock has a fifty day moving average price of $305.33 and a two-hundred day moving average price of $306.57. The stock has a market capitalization of $218.00 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.14 and a beta of 0.50. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analysts' expectations 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 revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.97 earnings per share. On average, analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $1.77 dividend. 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%.

McDonald's Company 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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