Caitong International Asset Management Co. Ltd Purchases 403 Shares of McDonald’s Corporation $MCD

Caitong International Asset Management Co. Ltd lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1,439.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 431 shares of the fast-food giant’s stock after acquiring an additional 403 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in McDonald’s were worth $126,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First American Trust FSB grew its stake in shares of McDonald’s by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after acquiring an additional 13,234 shares during the last quarter. Banque Transatlantique SA grew its stake in shares of McDonald’s by 58.0% during the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after acquiring an additional 91,313 shares during the last quarter. Hamilton Capital LLC grew its stake in shares of McDonald’s by 35.2% during the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after acquiring an additional 819 shares during the last quarter. Welch Group LLC grew its stake in shares of McDonald’s by 1.1% during the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after acquiring an additional 2,180 shares during the last quarter. Finally, Red Door Wealth Management LLC grew its stake in shares of McDonald’s by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock worth $1,788,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.3%

McDonald’s stock opened at $306.05 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock’s 50 day simple moving average is $306.49 and its two-hundred day simple moving average is $305.61. The firm has a market cap of $218.39 billion, a PE ratio of 26.23, a P/E/G ratio of 3.24 and a beta of 0.50.

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

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $1.86 dividend. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.4%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is currently 60.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a report on Thursday, July 10th. Royal Bank Of Canada assumed coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $324.50.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,463 shares of company stock worth $1,692,186. Corporate insiders own 0.25% of the company’s stock.

McDonald’s 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.