McDonald’s Corporation $MCD Shares Purchased by R Squared Ltd

R Squared Ltd increased its stake in McDonald’s Corporation (NYSE:MCD) by 100.2% in the third quarter, Holdings Channel reports. The firm owned 6,559 shares of the fast-food giant’s stock after purchasing an additional 3,282 shares during the period. McDonald’s comprises 0.8% of R Squared Ltd’s holdings, making the stock its 11th largest position. R Squared Ltd’s holdings in McDonald’s were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in McDonald’s during the 2nd quarter valued at approximately $1,359,276,000. Bessemer Group Inc. lifted its stake in shares of McDonald’s by 132.1% during the first quarter. Bessemer Group Inc. now owns 1,325,880 shares of the fast-food giant’s stock worth $412,071,000 after buying an additional 754,596 shares during the period. State Street Corp lifted its stake in shares of McDonald’s by 1.8% during the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after buying an additional 646,675 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of McDonald’s by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock worth $1,130,587,000 after buying an additional 533,448 shares during the period. Finally, Ascentis Wealth Management LLC grew its holdings in shares of McDonald’s by 23,222.1% during the second quarter. Ascentis Wealth Management LLC now owns 478,103 shares of the fast-food giant’s stock valued at $129,236,000 after buying an additional 476,053 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Top McDonald’s Stories

Investors following MCD have been watching these stories:

• Positive Sentiment: McDonald’s has raised its dividend for 50 consecutive years, earning Dividend King status. Its heavily franchised business and rental and royalty income support recurring cash flow and the potential for future increases—an attraction for long-term income investors. McDonald’s Is a Dividend King With 50 Years of Raises
• Positive Sentiment: McDonald’s and Uber are expanding their delivery and loyalty partnership across 14 markets. The broader reach could help increase delivery orders and customer engagement, although the impact on sales and profits is not yet established. McDonald’s and Uber expand delivery and loyalty tie-up
• Negative Sentiment: Short-term trading commentary points to resistance near $285 and a recent reversal, which could add selling pressure after the run-up. The same growth analysis flags rising costs and execution risks as potential threats to momentum. Stock of the Day: Is McDonald’s Reversing?

Analyst Upgrades and Downgrades

MCD has been the topic of several research reports. Deutsche Bank cut their target price on McDonald’s from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. DZ Bank reaffirmed a “buy” rating on shares of McDonald’s in a research report on Thursday, September 24th. Melius Research dropped their price target on McDonald’s from $250.00 to $230.00 and set a “sell” rating on the stock in a research note on Monday, September 28th. Mizuho cut their price objective on McDonald’s from $290.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Finally, Seaport Research Partners initiated coverage on McDonald’s in a research note on Wednesday, September 16th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $297.82.

McDonald’s Price Performance

MCD stock opened at $273.55 on Friday. The firm’s fifty day simple moving average is $249.98 and its 200-day simple moving average is $281.96. The company has a market capitalization of $193.07 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 3.18 and a beta of 0.42. McDonald’s Corporation has a 12 month low of $229.20 and a 12 month high of $341.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.19. McDonald’s had a net margin of 32.38% and a negative return on equity of 826.29%. The firm had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the prior year, the business earned $3.22 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.91 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $1.93 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a yield of 2.8%. McDonald’s’s dividend payout ratio is currently 58.86%.

About McDonald’s

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app. The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.