Lbp Am Sa Takes Position in McDonald's Corporation (NYSE:MCD)

LBP AM SA acquired a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,738 shares of the fast-food giant's stock, valued at approximately $3,667,000.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Twelve Points Wealth Management LLC raised its position in shares of McDonald's by 3.4% during the 1st quarter. Twelve Points Wealth Management LLC now owns 3,669 shares of the fast-food giant's stock worth $1,146,000 after purchasing an additional 120 shares during the period. Court Place Advisors LLC increased its holdings in shares of McDonald's by 6.0% in the 1st quarter. Court Place Advisors LLC now owns 5,786 shares of the fast-food giant's stock worth $1,807,000 after acquiring an additional 330 shares during the period. Chemung Canal Trust Co. increased its holdings in shares of McDonald's by 5.6% in the 1st quarter. Chemung Canal Trust Co. now owns 31,613 shares of the fast-food giant's stock worth $9,875,000 after acquiring an additional 1,685 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of McDonald's by 29.7% in the first quarter. Cornerstone Planning Group LLC now owns 367 shares of the fast-food giant's stock valued at $117,000 after purchasing an additional 84 shares during the period. Finally, Greenleaf Trust increased its position in McDonald's by 4.9% in the 1st quarter. Greenleaf Trust now owns 34,475 shares of the fast-food giant's stock valued at $10,769,000 after acquiring an additional 1,612 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price target (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Piper Sandler boosted their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Morgan Stanley reaffirmed an "equal weight" rating and set a $324.00 target price (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Finally, Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and cut their price objective for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $322.29.

McDonald's Stock Performance

Shares of NYSE MCD traded up $1.41 during trading on Friday, reaching $299.80. The company had a trading volume of 4,494,100 shares, compared to its average volume of 3,532,598. The business's 50 day moving average price is $304.35 and its 200-day moving average price is $302.44. McDonald's Corporation has a 52 week low of $246.12 and a 52 week high of $326.32. The stock has a market cap of $214.37 billion, a PE ratio of 26.46, a PEG ratio of 3.11 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. McDonald's's revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.70 EPS. Equities analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald's's dividend payout ratio is 62.49%.

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider owned 10,222 shares of the company's stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,817 shares of company stock worth $1,165,843 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

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.