Shell Asset Management Co. Raises Stake in McDonald's Corporation $MCD

Key Points

• Shell Asset Management Co. increased its stake in McDonald's by 64.9%, owning 13,298 shares worth approximately $3.89 million as per its recent SEC filing.
• Multiple hedge funds have also ramped up their investments in McDonald's, with institutional investors now holding 70.29% of the company's stock.
• Analysts have raised their price targets for McDonald's, with TD Cowen adjusting its target from $305 to $315 and Goldman Sachs upgrading their rating to "buy" with a target of $345.

Shell Asset Management Co. boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 64.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,298 shares of the fast-food giant's stock after buying an additional 5,233 shares during the quarter. Shell Asset Management Co.'s holdings in McDonald's were worth $3,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. First American Trust FSB boosted its stake in McDonald's by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after buying an additional 13,234 shares in the last quarter. Banque Transatlantique SA grew its holdings in shares of McDonald's by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock worth $71,829,000 after purchasing an additional 91,313 shares during the last quarter. Hamilton Capital LLC grew its holdings in shares of McDonald's by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock worth $982,000 after purchasing an additional 819 shares during the last quarter. Red Door Wealth Management LLC increased its stake in shares of McDonald's by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after buying an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in McDonald's by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after buying an additional 18,393 shares during the last quarter. Hedge funds and other 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 on 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 in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction 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 transaction, the insider owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock worth $2,273,407 in the last ninety days. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MCD shares. TD Cowen upped their price target on shares of McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a report on Thursday, July 10th. Barclays upped their price target on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Evercore ISI upped their target price on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Melius initiated coverage on McDonald's in a report on Monday, July 14th. They set a "sell" rating and a $250.00 target price for the company. Twelve equities research 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 data from MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus target price of $325.86.

McDonald's Stock Up 0.1%

Shares of McDonald's stock opened at $296.35 on Wednesday. The business has a 50 day moving average of $306.74 and a 200 day moving average of $306.02. The company has a market cap of $211.47 billion, a PE ratio of 25.39, a P/E/G ratio of 3.01 and a beta of 0.50. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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. The business 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 firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.97 earnings per share. On average, research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald's's dividend payout ratio is 60.67%.

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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