McDonald's Corporation (NYSE:MCD) Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. raised its position in McDonald's Corporation by 0.0%, owning 5,696,549 shares valued at approximately $1.78 billion as of the last filing.
• McDonald's announced a quarterly dividend of $1.77 per share, with an ex-dividend date of September 2nd, translating to an annualized dividend yield of 2.3%.
• In its latest earnings report, McDonald's reported earnings per share of $3.19, surpassing analyst expectations, with a revenue of $6.84 billion for the quarter.

Charles Schwab Investment Management Inc. increased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 0.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,696,549 shares of the fast-food giant's stock after purchasing an additional 2,347 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.80% of McDonald's worth $1,779,431,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. ASR Vermogensbeheer N.V. purchased a new stake in McDonald's during the first quarter worth $24,638,000. Citizens Financial Group Inc. RI lifted its holdings in shares of McDonald's by 6.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 28,023 shares of the fast-food giant's stock valued at $8,754,000 after purchasing an additional 1,774 shares during the last quarter. Provident Investment Management Inc. lifted its holdings in shares of McDonald's by 9.1% during the 1st quarter. Provident Investment Management Inc. now owns 11,968 shares of the fast-food giant's stock valued at $3,738,000 after purchasing an additional 1,000 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of McDonald's during the 1st quarter valued at $53,000. Finally, Hemington Wealth Management lifted its holdings in shares of McDonald's by 6.7% during the 1st quarter. Hemington Wealth Management now owns 1,089 shares of the fast-food giant's stock valued at $340,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Down 0.7%

Shares of NYSE MCD traded down $2.29 during trading on Friday, reaching $305.62. 2,621,959 shares of the company traded hands, compared to its average volume of 3,681,905. McDonald's Corporation has a 12-month low of $265.33 and a 12-month high of $326.32. The stock has a market cap of $218.09 billion, a P/E ratio of 26.19, a PEG ratio of 3.21 and a beta of 0.52. The firm's fifty day simple moving average is $298.57 and its 200 day simple moving average is $304.33.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share 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 during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 EPS. McDonald's's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is currently 60.67%.

Insider Activity at McDonald's

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,280 shares of company stock worth $2,215,178 in the last 90 days. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Evercore ISI increased their price objective on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday. TD Cowen increased their price objective on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and decreased their price objective for the company from $346.00 to $315.00 in a report on Friday, June 6th. Finally, Piper Sandler increased their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.