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LGT Group Foundation Buys 60,546 Shares of McDonald's Corporation $MCD

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Key Points

  • LGT Group Foundation boosted its stake in McDonald's by 133.7%, adding 60,546 shares to hold 105,845 shares valued at about $31.81 million.
  • McDonald's beat quarterly estimates, reporting $3.12 EPS vs. $3.05 expected and $7.01 billion in revenue (up 9.7% year‑over‑year) with a 31.85% net margin.
  • The company declared a quarterly dividend of $1.86 per share (annualized $7.44) for a yield of ~2.3%, with an ex‑dividend date of March 3 and payment on March 17.
  • Five stocks we like better than McDonald's.

LGT Group Foundation increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 133.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 105,845 shares of the fast-food giant's stock after purchasing an additional 60,546 shares during the period. LGT Group Foundation's holdings in McDonald's were worth $31,809,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its stake in McDonald's by 84.1% during the second quarter. Federated Hermes Inc. now owns 141,775 shares of the fast-food giant's stock valued at $41,422,000 after buying an additional 64,757 shares during the period. Global X Japan Co. Ltd. increased its stake in McDonald's by 236.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 6,502 shares of the fast-food giant's stock worth $1,976,000 after acquiring an additional 4,571 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of McDonald's by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 143,492 shares of the fast-food giant's stock valued at $43,606,000 after acquiring an additional 3,774 shares in the last quarter. Choreo LLC raised its holdings in shares of McDonald's by 1.7% in the 2nd quarter. Choreo LLC now owns 58,515 shares of the fast-food giant's stock valued at $17,096,000 after acquiring an additional 954 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC bought a new stake in shares of McDonald's during the 3rd quarter valued at about $1,120,000. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

NYSE:MCD opened at $328.22 on Monday. The company has a market capitalization of $233.17 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.92 and a beta of 0.51. The business has a 50 day moving average of $318.21 and a 200 day moving average of $311.02. McDonald's Corporation has a 1-year low of $283.47 and a 1-year high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, beating analysts' consensus estimates of $3.05 by $0.07. The business had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $6.81 billion. McDonald's had a net margin of 31.85% and a negative return on equity of 343.90%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $2.83 earnings per share. As a group, sell-side analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, March 3rd. McDonald's's dividend payout ratio is presently 62.26%.

Insider Activity

In related news, CMO Edith Morgan Flatley sold 4,692 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.00, for a total transaction of $1,553,052.00. Following the completion of the sale, the chief marketing officer directly owned 6,200 shares in the company, valued at $2,052,200. This represents a 43.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 2,626 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $325.25, for a total value of $854,106.50. Following the transaction, the insider owned 5,398 shares in the company, valued at approximately $1,755,699.50. The trade was a 32.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 71,517 shares of company stock valued at $23,655,503. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. Piper Sandler upped their price objective on shares of McDonald's from $323.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday, February 12th. Citigroup lifted their target price on shares of McDonald's from $371.00 to $375.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price target on shares of McDonald's from $305.00 to $325.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 24th. Barclays increased their price target on shares of McDonald's from $372.00 to $380.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. Finally, Royal Bank Of Canada raised their price objective on shares of McDonald's from $320.00 to $330.00 and gave the company a "sector perform" rating in a research report on Thursday, February 12th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, McDonald's has an average rating of "Hold" and a consensus price target of $339.69.

Read Our Latest Stock Analysis on McDonald's

More McDonald's News

Here are the key news stories impacting McDonald's this week:

McDonald's Company Profile

(Free Report)

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

See Also

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Corporation (NYSE:MCD - Free Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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