Vanguard Personalized Indexing Management LLC Has $30.72 Million Position in McDonald's Corporation $MCD

Key Points

• Vanguard Personalized Indexing Management LLC has increased its stake in McDonald's by 17.6%, now holding a total of 105,136 shares worth approximately $30.72 million.
• Multiple hedge funds have recently adjusted their positions in McDonald's, with 70.29% of the company's stock now held by institutional investors.
• Research firms have varying price targets for McDonald's stock, with Piper Sandler raising its target to $325.00 and Goldman Sachs upgrading its rating to "buy" with a price objective of $345.00.

Vanguard Personalized Indexing Management LLC grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 17.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,136 shares of the fast-food giant's stock after purchasing an additional 15,699 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in McDonald's were worth $30,724,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MCD. Brighton Jones LLC lifted its holdings in shares of McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of McDonald's by 10.9% in the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant's stock valued at $817,000 after purchasing an additional 258 shares in the last quarter. SSA Swiss Advisors AG purchased a new stake in shares of McDonald's in the first quarter valued at $175,000. Finally, GAMMA Investing LLC lifted its holdings in shares of McDonald's by 25.3% in the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant's stock valued at $3,498,000 after purchasing an additional 2,261 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MCD. Piper Sandler increased their target price on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. TD Cowen increased their price objective on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Guggenheim cut their price objective on McDonald's from $310.00 to $295.00 and set a "neutral" rating for the company in a report on Friday. Weiss Ratings reiterated a "buy (b)" rating on shares of McDonald's in a report on Wednesday. Finally, The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $325.18.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,402 shares of company stock valued at $1,973,407. Corporate insiders own 0.25% of the company's stock.

McDonald's Trading Up 1.1%

Shares of NYSE:MCD opened at $297.07 on Friday. The firm has a market cap of $211.99 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 3.12 and a beta of 0.50. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The business has a fifty day simple moving average of $306.31 and a 200 day simple moving average of $305.74.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.97 earnings per share. On average, sell-side analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's dividend 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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