MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $44.07 Million Stock Position in McDonald's Corporation $MCD

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. increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 14.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 141,096 shares of the fast-food giant's stock after purchasing an additional 17,832 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in McDonald's were worth $44,074,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MCD. Brighton Jones LLC lifted its position in McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after buying an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after buying an additional 27,774 shares in the last quarter. GHE LLC raised its position in shares of McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after buying an additional 136 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $331,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock worth $2,544,327 in the last three months. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. Bank of America dropped their price target on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Redburn Atlantic reissued a "sell" rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Guggenheim reissued a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $335.00 target price (up previously from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, McDonald's has a consensus rating of "Hold" and an average target price of $325.14.

McDonald's Price Performance

Shares of McDonald's stock traded down $1.79 during trading on Friday, hitting $306.64. The company's stock had a trading volume of 564,704 shares, compared to its average volume of 3,530,149. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The stock has a market cap of $218.82 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.12 and a beta of 0.50. The stock has a 50-day moving average price of $305.09 and a two-hundred day moving average price of $306.61.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 earnings per share. On average, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued 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 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.