State Street Corp Has $10.18 Billion Stock Holdings in McDonald’s Corporation $MCD

State Street Corp grew its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,828,352 shares of the fast-food giant’s stock after purchasing an additional 272,139 shares during the period. State Street Corp’s holdings in McDonald’s were worth $10,175,800,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MCD. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s in the first quarter worth about $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s in the 1st quarter valued at approximately $26,000. Decker Retirement Planning Inc. lifted its position in shares of McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the 2nd quarter worth approximately $25,000. Finally, GFG Capital LLC purchased a new position in McDonald’s during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5%

Shares of NYSE:MCD opened at $309.57 on Tuesday. The stock has a market capitalization of $220.46 billion, a PE ratio of 26.41, a P/E/G ratio of 3.46 and a beta of 0.52. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The firm has a fifty day moving average price of $304.14 and a 200 day moving average price of $303.70.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. McDonald’s’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $3.23 earnings per share. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research analyst reports. Guggenheim increased their target price on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Robert W. Baird upped their price target on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Royal Bank Of Canada started coverage on McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. Citigroup decreased their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Finally, KeyCorp reaffirmed an “overweight” rating and set a $335.00 target price on shares of McDonald’s in a research note on Monday, October 20th. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $324.57.

Insider Buying and Selling at McDonald’s

In other news, CFO Ian Frederick Borden sold 17,134 shares of McDonald’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the transaction, the chief financial officer owned 26,353 shares of the company’s stock, valued at $8,169,430. This trade represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. This represents a 74.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,030 shares of company stock worth $12,240,570 over the last 90 days. 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.