McDonald's Corporation $MCD Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in McDonald’s shares by 4.8%, acquiring a total of 537,380 shares valued at approximately $156.9 million.
• Analysts have raised their price targets for McDonald’s, with BMO Capital Markets and Evercore ISI both increasing theirs to $360.00, and the average target price now stands at $325.18.
• McDonald's recently declared a quarterly dividend of $1.77 per share, reflecting an annualized dividend of $7.08 and a yield of 2.4%.

Aberdeen Group plc lifted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 537,380 shares of the fast-food giant's stock after purchasing an additional 24,736 shares during the quarter. Aberdeen Group plc owned 0.08% of McDonald's worth $156,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. HFM Investment Advisors LLC acquired a new stake in McDonald's in the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald's in the 1st quarter valued at $26,000. GFG Capital LLC acquired a new stake in McDonald's in the 2nd quarter valued at $29,000. Abound Financial LLC acquired a new stake in McDonald's in the 1st quarter valued at $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in McDonald's in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Evercore ISI raised their price objective on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Royal Bank Of Canada began coverage on McDonald's in a report on Wednesday. They issued a "sector perform" rating and a $320.00 price objective on the stock. TD Cowen raised their price objective on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Finally, Piper Sandler raised their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, McDonald's presently has an average rating of "Hold" and a consensus target price of $325.18.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business'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 sale, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock worth $1,973,407 in the last quarter. 0.25% of the stock is currently owned by insiders.

McDonald's Stock Up 1.1%

NYSE MCD opened at $297.07 on Friday. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The business's fifty day simple moving average is $306.31 and its 200-day simple moving average is $305.79. The firm has a market cap of $211.99 billion, a PE ratio of 25.46, a P/E/G ratio of 3.09 and a beta of 0.50.

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

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald's's payout ratio is currently 60.67%.

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.

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