Penserra Capital Management LLC Acquires 909 Shares of McDonald's Corporation (NYSE:MCD)

Penserra Capital Management LLC raised its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 48.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,781 shares of the fast-food giant's stock after buying an additional 909 shares during the period. Penserra Capital Management LLC's holdings in McDonald's were worth $867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the period. Geode Capital Management LLC increased its stake in shares of McDonald's by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after purchasing an additional 157,458 shares during the period. Capital Research Global Investors increased its stake in shares of McDonald's by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after purchasing an additional 531,070 shares during the period. Norges Bank bought a new position in shares of McDonald's during the fourth quarter worth approximately $2,725,190,000. Finally, Northern Trust Corp increased its stake in shares of McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the period. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is owned by company insiders.

McDonald's Stock Performance

Shares of MCD opened at $293.33 on Thursday. The stock has a market capitalization of $209.74 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.04 and a beta of 0.53. McDonald's Corporation has a 52 week low of $245.90 and a 52 week high of $326.32. The stock has a fifty day moving average of $304.66 and a 200-day moving average of $302.39.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.70 EPS. As a group, equities 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 was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. TD Securities reissued a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. 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 research report on Friday, May 2nd. Finally, KeyCorp reduced their price target on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $321.46.

McDonald's 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.

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