McDonald's Corporation $MCD Shares Bought by Stephens Inc. AR

Key Points

• Stephens Inc. AR increased its holdings in McDonald's by 9.6%, owning a total of 68,176 shares valued at nearly $20 million as of the latest SEC filing.
• McDonald's experienced various institutional investors adjusting their positions, with Goldman Sachs boosting its stake by 19.6% and setting a price target of $345.00.
• The company declared a quarterly dividend of $1.77 per share, yielding 2.3%, with an annualized rate of $7.08.

Stephens Inc. AR grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,176 shares of the fast-food giant's stock after purchasing an additional 5,976 shares during the quarter. Stephens Inc. AR's holdings in McDonald's were worth $19,948,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MCD. Vanguard Group Inc. raised its holdings in shares of McDonald's by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock worth $21,993,689,000 after acquiring an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD increased its position in McDonald's by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock worth $2,917,993,000 after purchasing an additional 1,344,954 shares during the last quarter. Northern Trust Corp raised its stake in McDonald's by 1.1% during the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock worth $2,800,447,000 after purchasing an additional 97,966 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in McDonald's by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant's stock valued at $1,606,354,000 after purchasing an additional 123,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in McDonald's by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock valued at $1,556,485,000 after purchasing an additional 815,768 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the subject of a number of recent analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of McDonald's in a report on Wednesday, October 8th. Royal Bank Of Canada started coverage on McDonald's in a research note on Wednesday, October 8th. They set a "sector perform" rating and a $320.00 target price for the company. Piper Sandler lifted their target price on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a report on Thursday, July 10th. Finally, Barclays boosted their price objective on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $324.68.

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is owned by company insiders.

McDonald's Stock Up 0.9%

MCD opened at $308.02 on Monday. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The business has a fifty day simple moving average of $306.29 and a 200-day simple moving average of $305.41. The firm has a market cap of $219.80 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.25 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

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

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