National Bank of Canada FI Has $117.01 Million Position in McDonald's Corporation (NYSE:MCD)

Key Points

• National Bank of Canada FI reduced its holdings in McDonald's Corporation by 49.3%, owning 374,664 shares valued at approximately $117 million as of the latest SEC filing.
• McDonald's reported $3.19 EPS for the last quarter, surpassing analysts' expectations, with a revenue increase of 5.4% year-over-year.
• The company declared a quarterly dividend of $1.77 per share, signaling a 2.3% dividend yield for stockholders recorded by September 2nd.

National Bank of Canada FI lowered its position in McDonald's Corporation (NYSE:MCD - Free Report) by 49.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 374,664 shares of the fast-food giant's stock after selling 363,848 shares during the quarter. National Bank of Canada FI owned 0.05% of McDonald's worth $117,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WealthPlan Investment Management LLC increased its position in McDonald's by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after purchasing an additional 32 shares during the period. Granite Bay Wealth Management LLC increased its position in McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC increased its position in McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC increased its position in McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares during the period. Finally, Security Financial Services INC. boosted its holdings in shares of McDonald's by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Down 0.7%

Shares of NYSE MCD opened at $305.62 on Friday. McDonald's Corporation has a 52 week low of $265.33 and a 52 week high of $326.32. The business has a 50-day simple moving average of $298.57 and a two-hundred day simple moving average of $304.33. The company has a market cap of $218.09 billion, a P/E ratio of 26.19, a P/E/G ratio of 3.21 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $2.97 EPS. Equities research analysts anticipate 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. Stockholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 60.67%.

Analysts Set New Price Targets

MCD has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. KeyCorp restated an "overweight" rating and set a $335.00 price target (up from $325.00) on shares of McDonald's in a report on Thursday. Argus cut McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Truist Financial increased their target price on McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $326.87.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 976 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $303.50, for a total value of $296,216.00. Following the completion of the sale, the chief marketing officer owned 7,882 shares of the company's stock, valued at $2,392,187. The trade was a 11.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,280 shares of company stock worth $2,215,178. 0.25% of the stock is currently owned by insiders.

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.

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