Impax Asset Management Group plc Buys 25,306 Shares of McDonald’s Corporation $MCD

Impax Asset Management Group plc increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 174.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 39,771 shares of the fast-food giant’s stock after buying an additional 25,306 shares during the period. Impax Asset Management Group plc’s holdings in McDonald’s were worth $11,620,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in MCD. WealthPlan Investment Management LLC raised its holdings in shares of McDonald’s by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after buying an additional 32 shares in the last quarter. Security Financial Services INC. increased its stake in shares of McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after buying an additional 33 shares during the period. Ascent Wealth Partners LLC boosted its position in McDonald’s by 0.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock worth $3,620,000 after buying an additional 34 shares during the period. Alexander Labrunerie & CO. Inc. raised its stake in shares of McDonald’s by 3.4% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock valued at $334,000 after acquiring an additional 35 shares during the last quarter. Finally, AGP Franklin LLC lifted its holdings in shares of McDonald’s by 0.4% during the first quarter. AGP Franklin LLC now owns 10,001 shares of the fast-food giant’s stock worth $3,125,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Piper Sandler reaffirmed a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a research note on Wednesday, October 22nd. Evercore ISI raised their price target on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Royal Bank Of Canada started coverage on McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $323.91.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was 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. The trade was a 12.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president directly owned 4,606 shares in the company, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,134 shares of company stock worth $4,570,716 over the last three months. 0.25% of the stock is owned by insiders.

McDonald’s Price Performance

Shares of MCD stock opened at $307.11 on Friday. The company’s fifty day simple moving average is $303.52 and its two-hundred day simple moving average is $304.78. The stock has a market capitalization of $218.71 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 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 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.23 earnings per share. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is 63.48%.

About McDonald’s

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.