McDonald’s Corporation $MCD Shares Bought by Chicago Capital LLC

Chicago Capital LLC grew its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.2% during the 2nd quarter, Holdings Channel reports. The firm owned 18,996 shares of the fast-food giant’s stock after purchasing an additional 759 shares during the period. Chicago Capital LLC’s holdings in McDonald’s were worth $5,550,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MCD. Nuveen LLC acquired a new position in shares of McDonald’s during the 1st quarter valued at $1,324,961,000. Price T Rowe Associates Inc. MD increased its position in shares of McDonald’s by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of McDonald’s by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after acquiring an additional 815,768 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of McDonald’s by 732.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock worth $203,211,000 after acquiring an additional 572,408 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of McDonald’s by 204.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant’s stock worth $177,390,000 after acquiring an additional 407,982 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MCD shares. KeyCorp reissued an “overweight” rating and set a $335.00 price objective (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Evercore ISI raised their price objective on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Truist Financial upped their price target on McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Piper Sandler increased their price objective on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued 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 a consensus target price of $325.86.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction 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 completion of the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock worth $2,273,407 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.9%

MCD stock opened at $302.56 on Tuesday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company has a fifty day simple moving average of $306.62 and a 200 day simple moving average of $306.27. The firm has a market cap of $215.91 billion, a PE ratio of 25.93, a PEG ratio of 3.11 and a beta of 0.49.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business earned $2.97 EPS. McDonald’s’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s payout ratio is presently 60.67%.

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.