Czech National Bank Raises Holdings in McDonald's Corporation $MCD

Key Points

• The Czech National Bank increased its stake in McDonald's Corporation by 6.2%, now owning 174,809 shares valued at over $51 million.
• Despite mixed ratings from analysts, McDonald's has an average price target of $325.14, with a mixture of 11 Buy, 14 Hold, and 2 Sell ratings among analysts.
• McDonald's announced a quarterly dividend of $1.77 per share, reflecting an annual yield of 2.3% and a payout ratio of 60.67%.

Czech National Bank grew its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,809 shares of the fast-food giant's stock after buying an additional 10,213 shares during the period. Czech National Bank's holdings in McDonald's were worth $51,074,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. First American Trust FSB grew its position in 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 valued at $11,532,000 after acquiring an additional 13,234 shares during the last quarter. Banque Transatlantique SA boosted its stake in shares of McDonald's by 58.0% during the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after purchasing an additional 91,313 shares in the last quarter. Hamilton Capital LLC boosted its stake in shares of McDonald's by 35.2% during the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock valued at $982,000 after purchasing an additional 819 shares in the last quarter. Red Door Wealth Management LLC boosted its stake in shares of McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of McDonald's by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after purchasing an additional 18,393 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Guggenheim reaffirmed a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their price objective on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Piper Sandler lifted their price objective on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Stifel Nicolaus lifted their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research note on Friday, August 22nd. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and an average price target of $325.86.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.16 during trading on Friday, reaching $302.30. 5,689,476 shares of the stock were exchanged, compared to its average volume of 2,880,444. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a fifty day moving average of $306.06 and a two-hundred day moving average of $306.45. The firm has a market cap of $215.72 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the firm earned $2.97 earnings per share. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

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

Insider Buying and Selling

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

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.