McDonald's Corporation $MCD Holdings Raised by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in McDonald's Corporation by 6.2%, acquiring a total of 415,251 shares, which represent approximately 1.3% of its holdings.
• McDonald's reported earnings of $3.19 per share, exceeding estimates, and had a net margin of 32.21% for the most recent quarter with a year-over-year revenue increase of 5.4%.
• The company announced a quarterly dividend of $1.77 per share, with an annualized dividend yield of 2.3%, scheduled for payment on September 16th.

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 415,251 shares of the fast-food giant's stock after purchasing an additional 24,074 shares during the quarter. McDonald's makes up approximately 1.3% of B. Metzler seel. Sohn & Co. AG's holdings, making the stock its 19th largest position. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of McDonald's worth $129,711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First American Trust FSB grew its stake in shares of McDonald's by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after purchasing an additional 13,234 shares in the last quarter. Red Door Wealth Management LLC boosted its stake in shares of McDonald's by 1.9% during the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after acquiring an additional 109 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of McDonald's by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after acquiring an additional 18,393 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in shares of McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after acquiring an additional 3,212 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in shares of McDonald's by 1.7% in the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of McDonald's stock opened at $313.14 on Wednesday. The firm's 50-day simple moving average is $299.77 and its 200-day simple moving average is $306.10. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market cap of $223.46 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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 firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $2.97 EPS. On average, equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

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

Insider Activity

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,341 shares of company stock worth $2,229,327 over the last quarter. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MCD shares. Stifel Nicolaus increased their target price on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a report on Friday, August 22nd. Truist Financial boosted their target price on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. 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. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Evercore ISI upped their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $326.38.

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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