McDonald’s Corporation $MCD Shares Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 0.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,595 shares of the fast-food giant’s stock after purchasing an additional 183 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in McDonald’s were worth $7,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Leelyn Smith LLC grew its holdings in McDonald’s by 0.9% during the second quarter. Leelyn Smith LLC now owns 20,907 shares of the fast-food giant’s stock worth $6,108,000 after acquiring an additional 187 shares during the period. Allied Investment Advisors LLC boosted its position in shares of McDonald’s by 4.3% during the 2nd quarter. Allied Investment Advisors LLC now owns 1,332 shares of the fast-food giant’s stock worth $389,000 after purchasing an additional 55 shares in the last quarter. Peterson Wealth Services acquired a new position in shares of McDonald’s during the 2nd quarter worth $3,373,000. Richards Merrill & Peterson Inc. increased its holdings in shares of McDonald’s by 3.2% in the 2nd quarter. Richards Merrill & Peterson Inc. now owns 4,925 shares of the fast-food giant’s stock valued at $1,439,000 after purchasing an additional 155 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in shares of McDonald’s by 9.1% in the 2nd quarter. Sage Mountain Advisors LLC now owns 4,778 shares of the fast-food giant’s stock valued at $1,396,000 after purchasing an additional 397 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of NYSE MCD opened at $306.05 on Friday. The company has a 50-day simple moving average of $306.49 and a 200-day simple moving average of $305.61. The company has a market cap of $218.39 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 3.24 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.97 earnings per share. On average, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s payout ratio is currently 60.67%.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price on the stock in a research report on Thursday, July 10th. Barclays boosted their price objective on shares of McDonald’s from $360.00 to $362.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Melius began coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target on the stock. Finally, TD Cowen lifted their price objective on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $324.50.

Insider Buying and Selling

In related news, 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 completion of the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,463 shares of company stock worth $1,692,186. 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.