Van Lanschot Kempen Investment Management N.V. Has $13.66 Million Holdings in McDonald's Corporation $MCD

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in McDonald's Corporation by 2.7%, owning 43,719 shares valued at approximately $13.66 million.
• McDonald's reported earnings of $3.19 per share in its latest quarter, surpassing analysts' expectations and showing a revenue increase of 5.4% year-over-year.
• The company announced a quarterly dividend of $1.77, with a dividend yield of 2.3%, which will be paid to investors on September 16th.

Van Lanschot Kempen Investment Management N.V. grew its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,719 shares of the fast-food giant's stock after acquiring an additional 1,137 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in McDonald's were worth $13,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Berkshire Asset Management LLC PA increased its holdings in shares of McDonald's by 1.1% in the first quarter. Berkshire Asset Management LLC PA now owns 129,783 shares of the fast-food giant's stock valued at $40,932,000 after purchasing an additional 1,467 shares in the last quarter. Legacy Financial Advisors Inc. lifted its holdings in McDonald's by 9.1% during the 1st quarter. Legacy Financial Advisors Inc. now owns 5,433 shares of the fast-food giant's stock worth $1,697,000 after buying an additional 453 shares in the last quarter. Texas Capital Bancshares Inc TX boosted its position in McDonald's by 4.6% in the 1st quarter. Texas Capital Bancshares Inc TX now owns 2,168 shares of the fast-food giant's stock valued at $677,000 after buying an additional 96 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of McDonald's by 28.1% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,590 shares of the fast-food giant's stock valued at $1,121,000 after buying an additional 787 shares during the period. Finally, GSG Advisors LLC bought a new stake in shares of McDonald's during the first quarter worth $205,000. 70.29% of the stock is owned by institutional investors.

McDonald's Price Performance

Shares of NYSE:MCD opened at $310.6130 on Wednesday. The firm's 50 day simple moving average is $298.34 and its 200 day simple moving average is $305.35. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The company has a market capitalization of $221.65 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 3.15 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. BMO Capital Markets restated an "outperform" rating and set a $350.00 target price (up from $345.00) on shares of McDonald's in a research report on Thursday, August 7th. Piper Sandler raised their target price on shares of McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Robert W. Baird boosted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley increased their price objective on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $326.87.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,280 shares of company stock worth $2,525,178. 0.25% of the stock is owned by corporate insiders.

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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