Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Invests $1.02 Million in McDonald’s Corporation $MCD

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in McDonald’s Corporation (NYSE:MCD) in the 2nd quarter, Holdings Channel reports. The fund purchased 3,478 shares of the fast-food giant’s stock, valued at approximately $1,016,000.

A number of other institutional investors have also recently modified their holdings of MCD. Decker Retirement Planning Inc. boosted its position in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the second quarter valued at about $25,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s in the first quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new stake in McDonald’s during the first quarter worth about $26,000. Finally, GFG Capital LLC acquired a new position in McDonald’s during the second quarter worth about $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

McDonald’s stock opened at $309.57 on Tuesday. The stock has a market capitalization of $220.46 billion, a P/E ratio of 26.41, a P/E/G ratio of 3.46 and a beta of 0.52. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm’s 50-day moving average is $304.14 and its two-hundred day moving average is $303.70.

McDonald’s (NYSE:MCD) last posted 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). The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.23 EPS. As a group, 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. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is currently 63.48%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the sale, the insider directly owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. This trade represents a 34.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manuel Jm Steijaert sold 6,567 shares of McDonald’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $305.50, for a total value of $2,006,218.50. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,407,133. This trade represents a 58.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 40,030 shares of company stock worth $12,240,570 over the last quarter. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. Stifel Nicolaus lifted their price objective on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Truist Financial lowered their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Finally, Barclays decreased their price objective on shares of 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, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and an average 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.