McDonald's Corporation $MCD Holdings Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in McDonald's Corporation by 14.5% during the first quarter, owning shares valued at approximately $44 million.
• Analysts have varied ratings on McDonald's, with JPMorgan raising the target price to $310 and Goldman Sachs upgrading to a buy rating with a target of $345.
• McDonald's recently reported earnings of $3.19 per share, surpassing estimates, and announced a quarterly dividend of $1.77 per share to be paid in September.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,096 shares of the fast-food giant's stock after buying an additional 17,832 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in McDonald's were worth $44,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MCD. WealthPlan Investment Management LLC raised its position in shares of McDonald's by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after purchasing an additional 32 shares during the period. Granite Bay Wealth Management LLC boosted its holdings in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC increased its position in shares of McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after acquiring an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC increased its position in shares of McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after acquiring an additional 33 shares in the last quarter. Finally, Security Financial Services INC. increased its position in shares of McDonald's by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after acquiring an additional 33 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research report on Thursday, July 10th. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Finally, TD Cowen increased their target price on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $325.35.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was 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 $30,690. The trade was a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is owned by company insiders.

McDonald's Price Performance

MCD stock opened at $314.30 on Friday. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a 50-day moving average of $303.87 and a two-hundred day moving average of $306.48. The stock has a market capitalization of $224.28 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.20 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm 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 firm earned $2.97 EPS. The business's revenue was up 5.4% on a year-over-year basis. Equities analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's payout ratio is presently 60.67%.

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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