AlTi Global Inc. Has $6.83 Million Stake in McDonald's Corporation $MCD

Key Points

• AlTi Global Inc. has reduced its holdings in McDonald's Corporation by 4.7%, selling 1,068 shares and now owning a total of 21,852 shares valued at approximately $6.83 million.
• Insiders at McDonald's have recently sold multiple shares, with the chief marketing officer selling 1,000 shares for $315,000, indicating a significant 12.73% decrease in their holdings.
• McDonald's has declared a quarterly dividend of $1.77 per share, set to be paid on September 16th, representing an annualized dividend of $7.08 with a 2.2% yield.

AlTi Global Inc. lessened its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 4.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,852 shares of the fast-food giant's stock after selling 1,068 shares during the quarter. AlTi Global Inc.'s holdings in McDonald's were worth $6,825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Nuveen LLC bought a new stake in McDonald's in the first quarter valued at about $1,324,961,000. GAMMA Investing LLC increased its holdings in McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after purchasing an additional 3,488,982 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of McDonald's by 16.8% in 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 acquiring an additional 1,344,954 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of McDonald's by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock worth $1,556,485,000 after acquiring an additional 815,768 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of McDonald's in the fourth quarter worth about $211,824,000. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

NYSE MCD traded down $2.69 during trading hours on Friday, hitting $314.30. 2,533,016 shares of the company traded hands, compared to its average volume of 2,961,695. The business's 50-day moving average is $303.87 and its 200-day moving average is $306.45. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $224.28 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last released 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. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.97 earnings per share. Analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

Insider Transactions at McDonald's

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MCD shares. Barclays increased their price target on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Guggenheim reaffirmed a "neutral" rating on shares of McDonald's in a research report on Friday, August 8th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research report on Thursday, July 10th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $335.00 price objective (up from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Twelve research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, McDonald's currently has an average rating of "Hold" and an average price target of $325.35.

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.