McDonald's Corporation $MCD Holdings Lifted by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in McDonald's by 3.7% during the 2nd quarter, holding 134,915 shares valued at approximately $39.4 million.
• McDonald's reported a quarterly earnings per share (EPS) of $3.19, exceeding analysts' expectations and marking a 5.4% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.77 per share, reflecting an annualized yield of 2.4% and a payout ratio of 60.67%.

IFM Investors Pty Ltd grew its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 134,915 shares of the fast-food giant's stock after buying an additional 4,843 shares during the quarter. IFM Investors Pty Ltd's holdings in McDonald's were worth $39,418,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in shares of McDonald's in the first quarter valued at approximately $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald's in the first quarter valued at approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at approximately $25,000. Abound Financial LLC purchased a new stake in shares of McDonald's in the first quarter valued at approximately $30,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred 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 directly owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock valued at $2,273,407 in the last quarter. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. Citigroup boosted their target price on McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. boosted their target price on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and reduced their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. TD Securities restated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. Finally, Guggenheim reiterated a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $325.86.

McDonald's Stock Performance

Shares of McDonald's stock traded up $1.09 on Monday, reaching $303.47. 3,611,616 shares of the company were exchanged, compared to its average volume of 3,553,384. The company's 50-day moving average is $306.06 and its two-hundred day moving average is $306.41. The firm has a market cap of $216.56 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 3.08 and a beta of 0.50. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

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 for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.97 EPS. As a group, sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is currently 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.