Vident Advisory LLC Buys 7,211 Shares of McDonald's Corporation $MCD

Key Points

• Vident Advisory LLC raised its stake in McDonald's Corporation by 19.2% during the first quarter, now owning 44,814 shares valued at $14 million.
• McDonald's recently declared a quarterly dividend of $1.77 per share, with a yield of 2.3%, payable on September 16th.
• Wall Street analysts have mixed ratings on McDonald's, with thirteen analysts rating it as a Buy, while fourteen gave it a Hold rating, reflecting varied expectations for the stock's performance.

Vident Advisory LLC boosted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 19.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,814 shares of the fast-food giant's stock after purchasing an additional 7,211 shares during the period. Vident Advisory LLC's holdings in McDonald's were worth $14,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mascagni Wealth Management Inc. bought a new position in McDonald's in the fourth quarter valued at approximately $25,000. Abound Financial LLC bought a new position in shares of McDonald's in the first quarter valued at $30,000. Pinney & Scofield Inc. acquired a new position in McDonald's during the fourth quarter worth $29,000. Redmont Wealth Advisors LLC bought a new stake in McDonald's during the first quarter worth $31,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in McDonald's during the first quarter worth $31,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MCD shares. Barclays boosted their price objective on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. KeyCorp reissued an "overweight" rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Piper Sandler raised their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Melius began coverage on McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 target price for the company. Finally, Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and cut their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $326.38.

Insider Activity

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated 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 $30,690. This represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 976 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the completion of the transaction, the chief marketing officer owned 7,882 shares of the company's stock, valued at $2,392,187. The trade was a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,341 shares of company stock worth $2,229,327. 0.25% of the stock is owned by company insiders.

McDonald's Trading Up 0.5%

Shares of NYSE:MCD traded up $1.46 on Monday, reaching $313.68. 2,490,658 shares of the company's stock were exchanged, compared to its average volume of 3,446,957. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a fifty day moving average of $301.22 and a 200-day moving average of $306.16. The company has a market capitalization of $223.85 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.19 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results 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 for 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 business posted $2.97 earnings per share. As a group, equities research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

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 dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio is currently 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.