6,179 Shares in McDonald’s Corporation $MCD Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) in the 2nd quarter, HoldingsChannel reports. The firm acquired 6,179 shares of the fast-food giant’s stock, valued at approximately $1,805,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Decker Retirement Planning Inc. raised its stake in 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 purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the second quarter worth $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 position in shares of McDonald’s in 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. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 6,567 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,407,133. The trade was a 58.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,030 shares of company stock worth $12,240,570 over the last three months. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $311.11 on Friday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $221.56 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 3.46 and a beta of 0.52. The stock has a 50 day moving average of $304.00 and a 200 day moving average of $303.83.

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 the consensus estimate of $3.33 by ($0.11). The business 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 revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $3.23 EPS. Analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current 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 paid a dividend of $1.86 per share. 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 of this dividend is Monday, December 1st. McDonald’s’s payout ratio is 63.48%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent research reports. Royal Bank Of Canada started coverage on shares of McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price objective for the company. Mizuho upgraded McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. KeyCorp reissued an “overweight” rating and set a $335.00 price objective on shares of McDonald’s in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. Finally, Barclays reduced their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $324.57.

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.