World Equity Group Inc. Purchases 5,900 Shares of McDonald's Corporation $MCD

Key Points

• World Equity Group Inc. increased its stake in McDonald's by 96.0% during the second quarter, now owning a total of 12,046 shares valued at approximately $3.52 million.
• Numerous institutional investors have shown significant interest in McDonald's, with Nuveen LLC acquiring a stake valued at over $1.3 billion and GAMMA Investing LLC increasing its holdings by nearly 39,040% in the first quarter.
• McDonald's declared a quarterly dividend of $1.77 per share, translating to an annualized dividend of $7.08 and a yield of 2.3%.

World Equity Group Inc. raised its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 96.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,046 shares of the fast-food giant's stock after acquiring an additional 5,900 shares during the quarter. McDonald's comprises 1.0% of World Equity Group Inc.'s investment portfolio, making the stock its 19th biggest holding. World Equity Group Inc.'s holdings in McDonald's were worth $3,520,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MCD. Nuveen LLC bought a new stake in McDonald's during the first quarter valued at $1,324,961,000. GAMMA Investing LLC boosted its position in shares of McDonald's by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of McDonald's by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant's stock worth $2,917,993,000 after purchasing an additional 1,344,954 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of McDonald's by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock worth $1,556,485,000 after purchasing an additional 815,768 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of McDonald's by 732.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant's stock worth $203,211,000 after purchasing an additional 572,408 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MCD shares. Truist Financial increased their price objective on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Barclays upped 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. Citigroup upped their target price on shares of McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Piper Sandler upped their target price on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, BMO Capital Markets upped their target price on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $325.86.

McDonald's Stock Performance

NYSE:MCD opened at $303.12 on Wednesday. The firm has a market cap of $216.31 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm has a 50-day moving average price of $306.16 and a two-hundred day moving average price of $306.27.

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 the consensus estimate 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 company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the business posted $2.97 EPS. McDonald's's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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

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.

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