Kepler Cheuvreux Suisse SA Makes New Investment in McDonald’s Corporation $MCD

Kepler Cheuvreux Suisse SA purchased a new stake in McDonald’s Corporation (NYSE:MCDFree Report) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 10,393 shares of the fast-food giant’s stock, valued at approximately $3,158,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Beese Fulmer Investment Management Inc. grew its position in shares of McDonald’s by 2.1% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 54,326 shares of the fast-food giant’s stock worth $16,509,000 after buying an additional 1,119 shares during the period. Financial Life Planners acquired a new position in shares of McDonald’s during the 3rd quarter valued at $49,000. RiverPark Advisors LLC lifted its position in shares of McDonald’s by 8.8% during the 3rd quarter. RiverPark Advisors LLC now owns 2,965 shares of the fast-food giant’s stock valued at $901,000 after acquiring an additional 239 shares during the period. Mackenzie Financial Corp boosted its stake in McDonald’s by 2.0% during the third quarter. Mackenzie Financial Corp now owns 793,281 shares of the fast-food giant’s stock worth $241,070,000 after acquiring an additional 15,483 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in McDonald’s by 36.6% during the third quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock worth $1,336,155,000 after acquiring an additional 1,179,244 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.9%

McDonald’s stock opened at $327.74 on Wednesday. The firm has a market capitalization of $232.83 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.94 and a beta of 0.51. The firm’s fifty day moving average price is $319.06 and its two-hundred day moving average price is $311.25. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, topping the consensus estimate of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the firm posted $2.83 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 3rd. McDonald’s’s payout ratio is currently 62.26%.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $340.00 price target on shares of McDonald’s in a research note on Thursday, February 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Mizuho raised their target price on McDonald’s from $300.00 to $325.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Oppenheimer raised McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 target price for the company in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group upped their price target on McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $339.69.

Get Our Latest Analysis on MCD

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 6,201 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the transaction, the executive vice president directly owned 2,291 shares in the company, valued at approximately $763,567.39. The trade was a 73.02% 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 this link. Also, CEO Christopher J. Kempczinski sold 26,277 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.35, for a total transaction of $8,706,883.95. Following the completion of the sale, the chief executive officer directly owned 22,900 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 71,517 shares of company stock valued at $23,655,503. 0.25% of the stock is currently owned by company insiders.

More McDonald’s News

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

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)

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.