McDonald's Corporation $MCD Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in McDonald's Corporation by 0.4%, owning 543,004 shares valued at approximately $169.6 million, making it the fund's 14th largest holding.
• McDonald's reported earnings of $3.19 EPS for the latest quarter, exceeding analyst estimates, with revenue reaching$6.84 billion, a year-over-year increase of 5.4%.
• The company declared a quarterly dividend of $1.77 per share, yielding 2.3%, with a payout ratio of 60.67%.

UniSuper Management Pty Ltd raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,004 shares of the fast-food giant's stock after buying an additional 2,162 shares during the quarter. McDonald's comprises about 1.3% of UniSuper Management Pty Ltd's holdings, making the stock its 14th largest position. UniSuper Management Pty Ltd owned about 0.08% of McDonald's worth $169,618,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new stake in McDonald's in the 4th quarter worth approximately $25,000. Pinney & Scofield Inc. bought a new stake in McDonald's in the fourth quarter valued at $29,000. Abound Financial LLC purchased a new stake in shares of McDonald's in the 1st quarter worth about $30,000. Copia Wealth Management purchased a new stake in shares of McDonald's in the fourth quarter worth $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald's during the first quarter valued at $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

McDonald's stock traded down $1.58 during mid-day trading on Friday, hitting $306.85. The company's stock had a trading volume of 673,708 shares, compared to its average volume of 3,530,707. The company has a 50 day moving average of $305.09 and a 200-day moving average of $306.61. The stock has a market cap of $218.97 billion, a PE ratio of 26.32, a P/E/G ratio of 3.12 and a beta of 0.50. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate 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 company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the company posted $2.97 EPS. McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen increased their target price on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Guggenheim reissued a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Barclays increased their target price on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, Citigroup upped their target price on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $325.14.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction 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 approximately $2,713,740. This represents a 22.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,341 shares of company stock worth $2,544,327 in the last ninety days. Corporate insiders own 0.25% of the company's stock.

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.