Metis Global Partners LLC Has $16.87 Million Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Metis Global Partners LLC increased its stake in McDonald's Corporation by 10.9%, acquiring an additional 5,312 shares, bringing its total holdings to 54,020 shares valued at approximately $16.87 million.
• Analyst ratings for McDonald's shares vary, with price targets ranging from $260.00 to $365.00, and a consensus rating of "Hold" from a mix of buy and sell recommendations.
• McDonald's recently declared a quarterly dividend of $1.77 per share, which will be paid to shareholders on September 16th, contributing to an annualized dividend yield of 2.37%.

Metis Global Partners LLC boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,020 shares of the fast-food giant's stock after acquiring an additional 5,312 shares during the period. Metis Global Partners LLC's holdings in McDonald's were worth $16,874,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of McDonald's by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after buying an additional 157,458 shares during the period. Capital Research Global Investors grew its stake in shares of McDonald's by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after buying an additional 531,070 shares during the period. Northern Trust Corp grew its stake 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 buying an additional 895,896 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of McDonald's by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,019,019 shares of the fast-food giant's stock valued at $1,454,963,000 after buying an additional 504,085 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of McDonald's by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 4,595,245 shares of the fast-food giant's stock valued at $1,332,116,000 after buying an additional 226,752 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred 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 owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,817 shares of company stock valued at $1,147,992. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. The Goldman Sachs Group raised shares of 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. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, Piper Sandler increased their price objective on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $323.39.

McDonald's Price Performance

Shares of NYSE:MCD traded down $1.47 during trading on Thursday, reaching $302.14. 1,562,135 shares of the company's stock traded hands, compared to its average volume of 3,582,933. McDonald's Corporation has a 12 month low of $262.40 and a 12 month high of $326.32. The company has a 50 day moving average of $299.96 and a 200-day moving average of $303.25. The stock has a market capitalization of $216.04 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 3.17 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.70 EPS. Equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is 62.49%.

McDonald's Company Profile

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.