AG2R LA Mondiale Gestion D Actifs Raises Holdings in McDonald’s Corporation $MCD

AG2R LA Mondiale Gestion D Actifs grew its stake in McDonald’s Corporation (NYSE:MCD) by 0.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,595 shares of the fast-food giant’s stock after buying an additional 183 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in McDonald’s were worth $7,770,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s during the 1st quarter worth $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the first quarter valued at $26,000. GFG Capital LLC acquired a new stake in McDonald’s in the second quarter valued at $29,000. Abound Financial LLC purchased a new stake in McDonald’s during the 1st quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald’s during the 1st quarter worth about $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,463 shares of company stock valued at $1,692,186. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on MCD. Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. Evercore ISI increased their price target on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Guggenheim reduced their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Melius assumed coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price on the stock. Finally, BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research note on Friday. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Hold” and a consensus price target of $324.50.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $306.05 on Friday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a market cap of $218.39 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.24 and a beta of 0.50. The firm has a fifty day moving average price of $306.49 and a 200 day moving average price of $305.61.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the business posted $2.97 earnings per share. McDonald’s’s quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 1st. 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. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

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.