Yousif Capital Management LLC Sells 3,698 Shares of McDonald's Corporation $MCD

Key Points

• Yousif Capital Management LLC reduced its stake in McDonald's Corporation by 3.7%, selling 3,698 shares, and now holds 96,926 shares valued at approximately $28.3 million.
• Multiple institutional investors, including Goldman Sachs and Piper Sandler, have recently adjusted their holdings, indicating a general bullish sentiment towards McDonald's stock.
• Analysts have raised McDonald's target price to an average of $325.18, with 11 analysts recommending a Buy rating and two assigning a Sell rating.

Yousif Capital Management LLC lowered its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,926 shares of the fast-food giant's stock after selling 3,698 shares during the quarter. Yousif Capital Management LLC's holdings in McDonald's were worth $28,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in McDonald's by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock worth $21,993,689,000 after purchasing an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in McDonald's by 16.8% in 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 during the period. Northern Trust Corp boosted its stake in McDonald's by 1.1% in the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant's stock worth $2,800,447,000 after purchasing an additional 97,966 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in McDonald's by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant's stock worth $1,606,354,000 after purchasing an additional 123,454 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in McDonald's by 19.6% in 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 during the period. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MCD. Piper Sandler raised their target price on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Stifel Nicolaus raised their target price on McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research note on Friday, August 22nd. TD Cowen raised their target price on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada initiated coverage on McDonald's in a research report on Wednesday. They set a "sector perform" rating and a $320.00 price target for the company. Finally, Truist Financial boosted their price objective on McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $325.18.

McDonald's Trading Up 1.1%

Shares of NYSE MCD opened at $297.07 on Monday. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm has a market capitalization of $211.99 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.12 and a beta of 0.50. The business has a 50-day moving average of $306.31 and a 200-day moving average of $305.69.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald's's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 earnings per share. On average, analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

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

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was 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 approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is currently owned by corporate insiders.

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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