2,810 Shares in McDonald’s Corporation $MCD Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC acquired a new position in McDonald’s Corporation (NYSE:MCDFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,810 shares of the fast-food giant’s stock, valued at approximately $760,000.

Several other large investors have also bought and sold shares of the company. Hamilton Point Investment Advisors LLC boosted its position in shares of McDonald’s by 1.8% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 1,750 shares of the fast-food giant’s stock valued at $535,000 after purchasing an additional 31 shares in the last quarter. Encompass More Asset Management raised its holdings in McDonald’s by 1.5% in the fourth quarter. Encompass More Asset Management now owns 2,120 shares of the fast-food giant’s stock worth $648,000 after purchasing an additional 32 shares in the last quarter. Richmond Investment Services LLC raised its holdings in McDonald’s by 1.4% in the fourth quarter. Richmond Investment Services LLC now owns 2,278 shares of the fast-food giant’s stock worth $696,000 after purchasing an additional 32 shares in the last quarter. Papamarkou Wellner Asset Management inc. lifted its position in McDonald’s by 0.4% during the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 8,809 shares of the fast-food giant’s stock valued at $2,692,000 after buying an additional 32 shares during the period. Finally, Allied Investment Advisors LLC lifted its position in McDonald’s by 2.6% during the fourth quarter. Allied Investment Advisors LLC now owns 1,366 shares of the fast-food giant’s stock valued at $417,000 after buying an additional 34 shares during the period. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. Piper Sandler set a $286.00 target price on shares of McDonald’s in a research report on Tuesday, August 4th. Robert W. Baird raised shares of McDonald’s to a “hold” rating in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of McDonald’s from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Tigress Financial upped their price objective on shares of McDonald’s from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Evercore set a $320.00 target price on shares of McDonald’s in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $322.96.

Check Out Our Latest Report on MCD

Insider Activity

In other news, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider owned 7,734 shares in the company, valued at $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $264.26 on Tuesday. The business has a fifty day moving average price of $270.55 and a 200-day moving average price of $291.04. The company has a market capitalization of $187.00 billion, a PE ratio of 21.47, a PEG ratio of 2.97 and a beta of 0.41. McDonald’s Corporation has a 1-year low of $259.85 and a 1-year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter in the previous year, the business posted $3.19 EPS. McDonald’s’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.87 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be paid a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 1st. McDonald’s’s dividend payout ratio is currently 60.44%.

Key Headlines Impacting McDonald’s

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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