McDonald's Corporation $MCD Shares Purchased by Blue Trust Inc.

Key Points

• Blue Trust Inc. increased its stake in McDonald's by 8.2%, owning 16,711 shares valued at approximately $4.88 million.
• Institutions currently hold 70.29% of McDonald's stock, with several large investors making significant adjustments in their positions in recent quarters.
• McDonald's announced a quarterly dividend of $1.77, representing an annualized dividend yield of 2.4% and a payout ratio of 60.67%.

Blue Trust Inc. lifted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,711 shares of the fast-food giant's stock after acquiring an additional 1,262 shares during the quarter. Blue Trust Inc.'s holdings in McDonald's were worth $4,882,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MCD. Brighton Jones LLC lifted its holdings in McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of McDonald's by 10.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant's stock valued at $817,000 after purchasing an additional 258 shares in the last quarter. SSA Swiss Advisors AG acquired a new stake in shares of McDonald's in the 1st quarter valued at $175,000. Finally, GAMMA Investing LLC raised its holdings in shares of McDonald's by 25.3% in the 1st quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant's stock valued at $3,498,000 after purchasing an additional 2,261 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Guggenheim set a $295.00 price objective on shares of McDonald's in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. BMO Capital Markets lifted their price target on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Finally, Piper Sandler lifted their price target on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, McDonald's presently has a consensus rating of "Hold" and an average price target of $325.18.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction 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. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock worth $1,973,407 in the last ninety days. 0.25% of the stock is currently owned by insiders.

McDonald's Stock Performance

Shares of McDonald's stock opened at $293.76 on Friday. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company has a market capitalization of $209.63 billion, a P/E ratio of 25.17, a PEG ratio of 3.00 and a beta of 0.50. The company's fifty day moving average is $306.43 and its two-hundred day moving average is $305.86.

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

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued 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 2.4%. McDonald's's payout ratio is presently 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.

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