McDonald's Corporation $MCD Shares Acquired by Liberty Capital Management Inc.

Key Points

• Liberty Capital Management Inc. increased its holdings in McDonald's Corporation by 5.5% during Q2, owning 19,261 shares valued at approximately $5.6 million.
• Several large investors, including First American Trust FSB and Banque Transatlantique SA, significantly boosted their stakes in McDonald's, indicating strong institutional interest in the stock.
• McDonald's recent earnings report showed EPS of $3.19, beating estimates, and the company announced a quarterly dividend of $1.77 per share, reflecting a yield of 2.3%.

Liberty Capital Management Inc. grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,261 shares of the fast-food giant's stock after purchasing an additional 997 shares during the quarter. McDonald's makes up approximately 1.1% of Liberty Capital Management Inc.'s portfolio, making the stock its 28th largest holding. Liberty Capital Management Inc.'s holdings in McDonald's were worth $5,627,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. First American Trust FSB boosted its position in McDonald's by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after acquiring an additional 13,234 shares during the last quarter. Banque Transatlantique SA lifted its stake in shares of McDonald's by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock worth $71,829,000 after purchasing an additional 91,313 shares during the period. Hamilton Capital LLC lifted its stake in shares of McDonald's by 35.2% during the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock worth $982,000 after purchasing an additional 819 shares during the period. Red Door Wealth Management LLC lifted 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 purchasing an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted 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 purchasing an additional 18,393 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction 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 transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction 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 sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,402 shares of company stock worth $2,273,407. Insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup increased their price target on McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Morgan Stanley increased their price target on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Piper Sandler increased their price target on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Bank of America reduced their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Finally, Evercore ISI lifted their price target on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Eleven 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's stock. According to data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and a consensus price target of $325.86.

McDonald's Trading Up 0.3%

NYSE:MCD opened at $303.99 on Wednesday. The firm has a market capitalization of $216.93 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.09 and a beta of 0.50. The firm's fifty day simple moving average is $306.72 and its 200 day simple moving average is $306.25. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share 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%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.97 EPS. On average, analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently announced 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 dividend yield of 2.3%. McDonald's's payout ratio is presently 60.67%.

McDonald's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.