Credit Agricole S A Reduces Holdings in McDonald's Corporation $MCD

Key Points

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Credit Agricole S A cut its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,645 shares of the fast-food giant's stock after selling 19,621 shares during the quarter. Credit Agricole S A's holdings in McDonald's were worth $96,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Banco Bilbao Vizcaya Argentaria S.A. increased its position in McDonald's by 20.5% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 99,646 shares of the fast-food giant's stock valued at $31,078,000 after buying an additional 16,955 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in McDonald's by 2.7% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 43,719 shares of the fast-food giant's stock valued at $13,657,000 after acquiring an additional 1,137 shares during the period. Berkshire Asset Management LLC PA grew its stake in McDonald's by 1.1% in the first quarter. Berkshire Asset Management LLC PA now owns 129,783 shares of the fast-food giant's stock valued at $40,932,000 after acquiring an additional 1,467 shares during the period. Legacy Financial Advisors Inc. increased its holdings in shares of McDonald's by 9.1% during the first quarter. Legacy Financial Advisors Inc. now owns 5,433 shares of the fast-food giant's stock valued at $1,697,000 after acquiring an additional 453 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX raised its position in shares of McDonald's by 4.6% during the first quarter. Texas Capital Bancshares Inc TX now owns 2,168 shares of the fast-food giant's stock worth $677,000 after purchasing an additional 96 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald's Trading Up 0.0%

Shares of MCD traded up $0.0750 during trading hours on Thursday, reaching $313.1550. 2,282,019 shares of the stock traded hands, compared to its average volume of 3,637,228. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a market cap of $223.47 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.19 and a beta of 0.52. The stock has a fifty day simple moving average of $298.77 and a 200 day simple moving average of $305.56.

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

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 1,000 shares of McDonald'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 sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,280 shares of company stock valued at $2,525,178. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several research reports. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Bank of America reduced their price objective on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a report on Friday, July 18th. Redburn Atlantic reissued a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Robert W. Baird raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley lifted their price target on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $326.87.

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.