Vontobel Holding Ltd. Has $15.14 Million Stake in McDonald's Corporation $MCD

Vontobel Holding Ltd. boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 49.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,815 shares of the fast-food giant's stock after buying an additional 17,113 shares during the quarter. Vontobel Holding Ltd.'s holdings in McDonald's were worth $15,139,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. HFM Investment Advisors LLC acquired a new stake in McDonald's in the 1st quarter valued at $26,000. Nova Wealth Management Inc. bought a new position in McDonald's in the 1st quarter valued at $26,000. Abound Financial LLC bought a new position in McDonald's in the 1st quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new position in McDonald's in the 1st quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in McDonald's in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's 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 in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jonathan Banner sold 1,000 shares of the company'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 completion of the sale, the executive vice president owned 99 shares of the company's stock, valued at $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,402 shares of company stock worth $1,973,407. Company insiders own 0.25% of the company's stock.

McDonald's Stock Down 0.2%

MCD stock opened at $293.76 on Friday. The company has a market cap of $209.63 billion, a P/E ratio of 25.17, a PEG ratio of 3.00 and a beta of 0.50. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business has a fifty day moving average of $306.43 and a 200-day moving average of $305.86.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The company 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.97 earnings per share. As a group, equities research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on MCD. Weiss Ratings reiterated a "buy (b)" rating on shares of McDonald's in a research report on Wednesday. Barclays lifted their price objective on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Stifel Nicolaus lifted their price objective on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Friday, August 22nd. TD Cowen lifted their price objective on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Finally, BMO Capital Markets boosted their target price on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Eleven analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $324.73.

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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