100,000 Shares in McDonald’s Corporation $MCD Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc bought a new position in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 100,000 shares of the fast-food giant’s stock, valued at approximately $29,217,000. McDonald’s accounts for approximately 0.0% of MUFG Securities EMEA plc’s investment portfolio, making the stock its 14th biggest holding.

A number of other large investors also recently added to or reduced their stakes in MCD. Nuveen LLC purchased a new position in McDonald’s in the 1st quarter worth $1,324,961,000. Price T Rowe Associates Inc. MD raised its position 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. Goldman Sachs Group Inc. raised its position 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. T. Rowe Price Investment Management Inc. raised its position in McDonald’s by 732.6% in 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 during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of McDonald’s by 204.8% in the second quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant’s stock valued at $177,390,000 after acquiring an additional 407,982 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. KeyCorp restated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research report on Monday, October 20th. TD Cowen boosted their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Melius assumed coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 price objective on the stock. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a research report on Friday, October 17th. Finally, Barclays boosted their price objective on shares of McDonald’s from $360.00 to $362.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $323.43.

McDonald’s Price Performance

Shares of NYSE MCD opened at $298.44 on Friday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company’s 50-day moving average is $305.70 and its 200 day moving average is $305.46. The stock has a market capitalization of $212.97 billion, a P/E ratio of 25.57, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. McDonald’s’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is presently 63.75%.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,487 shares of company stock worth $1,395,970 over the last 90 days. 0.25% of the stock is owned by company 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.