NS Partners Ltd Grows Position in McDonald’s Corporation (NYSE:MCD)

NS Partners Ltd lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,443 shares of the fast-food giant’s stock after buying an additional 957 shares during the period. McDonald’s makes up 1.8% of NS Partners Ltd’s portfolio, making the stock its 16th biggest position. NS Partners Ltd’s holdings in McDonald’s were worth $40,122,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new position in McDonald’s in the fourth quarter worth about $25,000. Pinney & Scofield Inc. purchased a new position in McDonald’s in the fourth quarter worth about $29,000. GKV Capital Management Co. Inc. purchased a new position in McDonald’s in the fourth quarter worth about $30,000. Abound Financial LLC purchased a new position in McDonald’s in the first quarter worth about $30,000. Finally, Copia Wealth Management purchased a new position in McDonald’s in the fourth quarter worth about $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. 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 report on Wednesday. Robert W. Baird lifted their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and lowered their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $326.00.

McDonald’s Price Performance

Shares of MCD opened at $307.90 on Friday. The stock has a market capitalization of $220.16 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. McDonald’s Corporation has a 1 year low of $265.33 and a 1 year high of $326.32. The business’s 50 day simple moving average is $298.73 and its 200-day simple moving average is $304.17.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 206.70% and a net margin of 32.21%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.97 EPS. On average, sell-side analysts expect 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 will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 60.67%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on 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 owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’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 value of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,280 shares of company stock valued at $2,215,178 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

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.