McDonald’s Corporation $MCD Holdings Raised by Schroder Investment Management Group

Schroder Investment Management Group raised its stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 5.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,029,572 shares of the fast-food giant’s stock after purchasing an additional 51,039 shares during the period. Schroder Investment Management Group’s holdings in McDonald’s were worth $312,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. WD Rutherford LLC raised its holdings in shares of McDonald’s by 1.0% during the third quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock worth $991,000 after acquiring an additional 33 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in McDonald’s by 1.4% in the third quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock valued at $736,000 after purchasing an additional 34 shares in the last quarter. Symmetry Partners LLC increased its position in McDonald’s by 2.0% in the 3rd quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock worth $538,000 after purchasing an additional 34 shares during the last quarter. Jackson Hole Capital Partners LLC raised its stake in shares of McDonald’s by 0.3% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock worth $3,352,000 after purchasing an additional 34 shares in the last quarter. Finally, CFO4Life Group LLC raised its stake in shares of McDonald’s by 2.1% during the 3rd quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant’s stock worth $507,000 after purchasing an additional 34 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

MCD opened at $328.22 on Monday. The business has a 50 day moving average price of $318.21 and a 200 day moving average price of $311.02. McDonald’s Corporation has a twelve month low of $283.47 and a twelve month high of $341.75. The firm has a market cap of $233.17 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 2.92 and a beta of 0.51.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, beating the consensus estimate of $3.05 by $0.07. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter last year, the company posted $2.83 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be paid a $1.86 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is presently 62.26%.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

Analyst Ratings Changes

Several brokerages recently commented on MCD. Piper Sandler boosted their price target on McDonald’s from $323.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Robert W. Baird set a $335.00 price objective on shares of McDonald’s in a research report on Thursday, February 12th. KeyCorp boosted their target price on shares of McDonald’s from $340.00 to $354.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Citigroup increased their price target on shares of McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Tigress Financial lifted their price objective on shares of McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research note on Friday. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, McDonald’s presently has an average rating of “Hold” and an average price target of $339.69.

View Our Latest Report on McDonald’s

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $325.25, for a total value of $854,106.50. Following the sale, the insider directly owned 5,398 shares of the company’s stock, valued at approximately $1,755,699.50. This trade represents a 32.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 26,277 shares of McDonald’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.35, for a total value of $8,706,883.95. Following the completion of the transaction, the chief executive officer owned 22,900 shares in the company, valued at $7,587,915. The trade was a 53.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,517 shares of company stock worth $23,655,503 in the last ninety days. 0.25% of the stock is owned by insiders.

About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

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:MCDFree Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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