56,097 Shares in McDonald’s Corporation $MCD Acquired by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 56,097 shares of the fast-food giant’s stock, valued at approximately $16,390,000. McDonald’s makes up about 0.9% of CenterBook Partners LP’s investment portfolio, making the stock its 20th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WealthPlan Investment Management LLC raised its holdings in shares of McDonald’s by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after buying an additional 32 shares during the last quarter. Security Financial Services INC. increased its position in McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after acquiring an additional 33 shares in the last quarter. AGP Franklin LLC raised its stake in shares of McDonald’s by 0.4% in the first quarter. AGP Franklin LLC now owns 10,001 shares of the fast-food giant’s stock worth $3,125,000 after acquiring an additional 35 shares during the last quarter. WealthTrust Axiom LLC lifted its position in shares of McDonald’s by 1.8% during the first quarter. WealthTrust Axiom LLC now owns 1,946 shares of the fast-food giant’s stock worth $608,000 after purchasing an additional 35 shares in the last quarter. Finally, Certior Financial Group LLC grew its stake in shares of McDonald’s by 2.6% during the first quarter. Certior Financial Group LLC now owns 1,367 shares of the fast-food giant’s stock valued at $427,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares of the company’s stock, valued at $1,861,832.16. The trade was a 34.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction 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 sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,463 shares of company stock valued at $10,549,351. 0.25% of the stock is owned by company insiders.

McDonald’s Trading Up 1.6%

Shares of MCD opened at $309.00 on Friday. The stock has a market cap of $220.06 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The stock’s 50-day moving average price is $302.96 and its two-hundred day moving average price is $304.36.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the company earned $3.23 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $1.86 dividend. 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. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Piper Sandler restated a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a research report on Wednesday, October 22nd. Barclays dropped their target price on McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Truist Financial decreased their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Guggenheim lifted their price objective on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their target price on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.