MASTERINVEST Kapitalanlage GmbH Invests $7.86 Million in McDonald’s Corporation $MCD

MASTERINVEST Kapitalanlage GmbH bought a new position in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,900 shares of the fast-food giant’s stock, valued at approximately $7,859,000. McDonald’s accounts for about 0.8% of MASTERINVEST Kapitalanlage GmbH’s investment portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in McDonald’s during the 2nd quarter valued at $2,780,712,000. Laurel Wealth Advisors LLC lifted its position in McDonald’s by 29,382.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock worth $1,676,339,000 after buying an additional 5,718,087 shares in the last quarter. Soundwatch Capital LLC acquired a new stake in shares of McDonald’s during the 2nd quarter valued at $1,412,069,000. Viking Global Investors LP raised its holdings in shares of McDonald’s by 171.7% during the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock worth $913,157,000 after acquiring an additional 1,974,998 shares in the last quarter. Finally, Amundi boosted its position in McDonald’s by 96.0% during the second quarter. Amundi now owns 4,032,676 shares of the fast-food giant’s stock valued at $1,188,147,000 after purchasing an additional 1,974,751 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $316.84 on Friday. The company has a market capitalization of $225.64 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.52 and a beta of 0.52. The company has a 50-day moving average of $304.98 and a 200-day moving average of $303.70. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week 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 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the firm posted $3.23 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts forecast 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. Investors 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 yield of 2.3%. McDonald’s’s dividend payout ratio is currently 63.48%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the sale, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction 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. This represents a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 40,030 shares of company stock worth $12,240,570. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Royal Bank Of Canada initiated coverage on shares of McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. Citigroup decreased their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Piper Sandler reissued a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday, October 22nd. Finally, Barclays lowered their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $324.57.

McDonald’s Company 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.