Talbot Financial LLC Has $9.64 Million Position in McDonald's Corporation $MCD

Key Points

• Talbot Financial LLC increased its holdings in McDonald's Corporation by 26.3% during the second quarter, now owning 32,996 shares valued at approximately $9.64 million.
• Recent transactions by insiders include CMO Edith Morgan Flatley selling 1,000 shares worth $315,000, and EVP Desiree Ralls-Morrison selling 2,487 shares valued at approximately $770,970.
• McDonald's posted earnings of $3.19 per share for the last quarter, exceeding analysts' estimates, with revenues of $6.84 billion, marking a 5.4% increase year-over-year.

Talbot Financial LLC grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 26.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,996 shares of the fast-food giant's stock after purchasing an additional 6,881 shares during the quarter. Talbot Financial LLC's holdings in McDonald's were worth $9,640,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Nuveen LLC acquired a new position in McDonald's in the first quarter worth $1,324,961,000. Price T Rowe Associates Inc. MD raised its position in shares of McDonald's by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock worth $2,917,993,000 after acquiring an additional 1,344,954 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of McDonald's by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock worth $1,556,485,000 after acquiring an additional 815,768 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of McDonald's by 732.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant's stock worth $203,211,000 after acquiring an additional 572,408 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of McDonald's by 204.8% during the second quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant's stock worth $177,390,000 after acquiring an additional 407,982 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company's stock, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock valued at $2,273,407 over the last ninety days. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Morgan Stanley boosted their target price on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Weiss Ratings restated a "buy (b)" rating on shares of McDonald's in a research report on Saturday, September 27th. Piper Sandler boosted their target price on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Finally, Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Twelve analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, McDonald's currently has an average rating of "Hold" and a consensus target price of $325.86.

McDonald's Trading Up 0.3%

NYSE MCD opened at $300.72 on Friday. The stock has a 50-day simple moving average of $306.93 and a 200 day simple moving average of $306.16. The company has a market capitalization of $214.59 billion, a PE ratio of 25.77, a P/E/G ratio of 3.07 and a beta of 0.50. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating 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 revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.97 earnings per share. As a group, sell-side analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

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

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.

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