Quintet Private Bank Europe S.A. Trims Stock Position in McDonald's Corporation $MCD

Key Points

• Quintet Private Bank Europe S.A. significantly reduced its stake in McDonald's by 53.5% during the 2nd quarter, selling 25,563 shares and leaving it with 22,239 shares valued at approximately $6.5 million.
• Several institutional investors like Vanguard Group and Price T Rowe Associates have increased their positions in McDonald's, which reflects a robust interest in the company's stock despite the fluctuations.
• McDonald's has received various analyst ratings with an average rating of "Hold" and a consensus price target of $325.14, indicating mixed market sentiments regarding its future performance.

Quintet Private Bank Europe S.A. decreased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 53.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,239 shares of the fast-food giant's stock after selling 25,563 shares during the period. Quintet Private Bank Europe S.A.'s holdings in McDonald's were worth $6,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in 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 purchasing an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in McDonald's by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock valued at $2,917,993,000 after buying an additional 1,344,954 shares during the last quarter. Northern Trust Corp grew its holdings in McDonald's by 1.1% during the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock valued at $2,800,447,000 after buying an additional 97,966 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in McDonald's by 2.5% during the 1st 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 valued at $1,606,354,000 after buying an additional 123,454 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of McDonald's by 11.2% during 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 worth $1,454,963,000 after purchasing an additional 504,085 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. TD Securities reissued a "hold" rating and set a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and cut their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Truist Financial raised their price objective on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. TD Cowen raised their price objective on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley raised their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. 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 has an average rating of "Hold" and a consensus target price of $325.14.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald's 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 completion of the transaction, the executive vice president owned 99 shares of the company's stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock valued at $2,544,327 in the last three months. 0.25% of the stock is owned by insiders.

McDonald's Stock Performance

Shares of NYSE MCD opened at $305.49 on Monday. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The firm has a market cap of $218.00 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.11 and a beta of 0.49. The stock's 50-day simple moving average is $305.33 and its 200-day simple moving average is $306.57.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the company earned $2.97 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, September 2nd. McDonald's's payout ratio is presently 60.67%.

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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