XTX Topco Ltd Takes $14.72 Million Position in McDonald's Corporation (NYSE:MCD)

Key Points

• XTX Topco Ltd invested approximately $14.72 million in McDonald's Corporation, acquiring 47,119 shares, which now constitute about 0.8% of its portfolio, making McDonald's its second largest holding.
• Several institutions, including Harvest Fund Management and Banque Cantonale Vaudoise, have also increased their stakes in McDonald's, contributing to institutional ownership reaching 70.29%.
• McDonald's reported quarterly earnings of $2.67 earnings per share, meeting estimates, but revenue of $5.96 billion fell short of forecasts and reflected a 3.5% decline from the previous year.

XTX Topco Ltd purchased a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,119 shares of the fast-food giant's stock, valued at approximately $14,719,000. McDonald's makes up about 0.8% of XTX Topco Ltd's investment portfolio, making the stock its 2nd biggest position.

Other hedge funds also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of McDonald's in the first quarter valued at $89,000. Banque Cantonale Vaudoise purchased a new stake in shares of McDonald's in the first quarter valued at $8,444,000. GSA Capital Partners LLP raised its stake in shares of McDonald's by 56.2% in the first quarter. GSA Capital Partners LLP now owns 3,774 shares of the fast-food giant's stock valued at $1,179,000 after acquiring an additional 1,358 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of McDonald's by 16.0% in the first quarter. Geneos Wealth Management Inc. now owns 14,585 shares of the fast-food giant's stock valued at $4,556,000 after acquiring an additional 2,013 shares during the period. Finally, N.E.W. Advisory Services LLC raised its stake in shares of McDonald's by 13.5% in the first quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the fast-food giant's stock valued at $1,707,000 after acquiring an additional 652 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

McDonald's stock traded up $0.94 during trading on Wednesday, reaching $303.61. The company had a trading volume of 2,804,239 shares, compared to its average volume of 3,283,738. The firm's 50-day simple moving average is $299.96 and its 200 day simple moving average is $303.25. McDonald's Corporation has a 1-year low of $262.40 and a 1-year high of $326.32. The firm has a market capitalization of $217.09 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 3.17 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the company earned $2.70 EPS. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid 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 2.33%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MCD shares. Melius began coverage on shares of McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 target price on the stock. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Redburn Atlantic restated a "sell" rating and issued a $260.00 price target (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Morgan Stanley raised their price target 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. Finally, KeyCorp lowered their target price on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $322.00.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's 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 sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Company 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.