BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in McDonald’s Corporation (NYSE:MCD – Free Report) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,051 shares of the fast-food giant’s stock after selling 312 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in McDonald’s were worth $42,811,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. WealthPlan Investment Management LLC raised its holdings in McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after buying an additional 32 shares during the period. Granite Bay Wealth Management LLC raised its holdings in McDonald’s by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC raised its holdings in McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC grew its position in McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after acquiring an additional 33 shares in the last quarter. Finally, Security Financial Services INC. grew its position in McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after acquiring an additional 33 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on MCD. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Piper Sandler lifted their target price on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Stifel Nicolaus lifted their target price on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday. Morgan Stanley lifted their target price on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, Evercore ISI lifted their target price on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $326.38.
Insiders Place Their Bets
In related 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 completion of the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 976 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $303.50, for a total value of $296,216.00. Following the sale, the chief marketing officer owned 7,882 shares of the company’s stock, valued at approximately $2,392,187. The trade was a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,341 shares of company stock worth $2,229,327 in the last three months. 0.25% of the stock is owned by company insiders.
McDonald’s Stock Performance
Shares of McDonald’s stock opened at $313.8010 on Friday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $223.93 billion, a PE ratio of 26.89, a P/E/G ratio of 3.19 and a beta of 0.52. The business has a 50-day simple moving average of $299.02 and a 200-day simple moving average of $305.72.
McDonald’s (NYSE:MCD – Get Free Report) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.97 earnings per share. On average, sell-side analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.
McDonald’s Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s payout ratio 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.
Read More
- Five stocks we like better than McDonald’s
- Top Biotech Stocks: Exploring Innovation Opportunities
- MarketBeat Week in Review – 08/18 – 08/22
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Royal Caribbean Earnings Beat Fuels Strong 2025 Outlook
- Transportation Stocks Investing
- Alphabet’s Breakout Potential: From Laggard to AI Leader
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD – Free Report).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.