MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 3,073 Shares of McDonald's Corporation $MCD

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in McDonald's Corporation by 45.3%, acquiring an additional 3,073 shares, bringing its total holdings to 9,857 shares valued at approximately $2.88 million.
• McDonald's reported $3.19 EPS for the last quarter, surpassing the consensus estimate of $3.15, with revenues of $6.84 billion, a 5.4% increase year-over-year.
• The company announced a quarterly dividend of $1.77 per share, with an annualized yield of 2.3%, based on a payout ratio of 60.67%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 45.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,857 shares of the fast-food giant's stock after purchasing an additional 3,073 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in McDonald's were worth $2,880,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MCD. Vanguard Group Inc. grew its holdings in shares of McDonald's by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock worth $21,993,689,000 after acquiring an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD grew its stake in 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 purchasing an additional 1,344,954 shares during the period. Northern Trust Corp raised its holdings in McDonald's by 1.1% in the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock worth $2,800,447,000 after purchasing an additional 97,966 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in McDonald's by 2.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant's stock worth $1,606,354,000 after purchasing an additional 123,454 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in McDonald's by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock valued at $1,556,485,000 after buying an additional 815,768 shares during the period. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value 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. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock valued at $2,273,407 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

McDonald's Price Performance

McDonald's stock opened at $302.29 on Friday. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The business's fifty day moving average is $306.31 and its 200 day moving average is $306.15. The stock has a market capitalization of $215.72 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.50.

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 (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 business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same quarter in the prior year, the business earned $2.97 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's payout ratio is currently 60.67%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MCD. KeyCorp reaffirmed an "overweight" rating and issued a $335.00 target price (up from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Melius assumed coverage on shares of McDonald's in a report on Monday, July 14th. They set a "sell" rating and a $250.00 target price for the company. Redburn Atlantic reissued a "sell" rating and issued a $260.00 price target (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Finally, BMO Capital Markets raised their price objective on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $325.86.

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Corporation (NYSE:MCD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.