APG Asset Management N.V. Purchases 40,276 Shares of McDonald's Corporation $MCD

Key Points

• APG Asset Management N.V. increased its stake in McDonald's Corporation by 6.3%, owning approximately 0.10% of the company, valued at $197.3 million.
• McDonald's reported a quarterly earnings per share of $3.19, exceeding the consensus of $3.15, with revenues of $6.84 billion for the quarter, a 5.4% year-over-year increase.
• The company announced a quarterly dividend of $1.77 per share, with an ex-dividend date of September 2nd, equating to an annualized yield of 2.3%.

APG Asset Management N.V. increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 682,226 shares of the fast-food giant's stock after acquiring an additional 40,276 shares during the period. APG Asset Management N.V. owned about 0.10% of McDonald's worth $197,285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Nuveen LLC acquired a new stake in shares of McDonald's during the first quarter worth $1,324,961,000. GAMMA Investing LLC grew its position 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of McDonald's by 16.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after acquiring an additional 1,344,954 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of McDonald's in the 4th quarter valued at about $350,935,000. Finally, Northern Trust Corp grew its position in shares of McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after acquiring an additional 895,896 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Price Performance

MCD stock traded down $0.89 during trading on Monday, reaching $313.18. 2,934,831 shares of the company were exchanged, compared to its average volume of 3,499,843. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a market capitalization of $223.49 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 3.20 and a beta of 0.52. The company has a 50-day moving average of $299.36 and a two-hundred day moving average of $306.05.

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, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the firm posted $2.97 EPS. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors 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 of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MCD shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $350.00 target price (up previously from $345.00) on shares of McDonald's in a report on Thursday, August 7th. Piper Sandler lifted their target price on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. TD Securities reaffirmed a "hold" rating and set a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Robert W. Baird lifted their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Barclays lifted their price objective on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $326.38.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,341 shares of company stock valued at $2,229,327. Company insiders own 0.25% of the company's stock.

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.