ASR Vermogensbeheer N.V. Has $23.16 Million Stake in McDonald’s Corporation $MCD

ASR Vermogensbeheer N.V. lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.5% during the second quarter, Holdings Channel.com reports. The firm owned 79,277 shares of the fast-food giant’s stock after buying an additional 399 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in McDonald’s were worth $23,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of McDonald’s in the 1st quarter valued at $26,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter valued at $26,000. Abound Financial LLC bought a new position in shares of McDonald’s in the 1st quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald’s in the 1st quarter valued at $31,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $300.81 on Thursday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The firm has a market capitalization of $214.66 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.09 and a beta of 0.51. The business has a 50-day simple moving average of $306.78 and a 200 day simple moving average of $306.21.

McDonald’s (NYSE:MCD) last issued its earnings results 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. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.97 EPS. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is currently 60.67%.

Insiders Place Their Bets

In related news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,402 shares of company stock valued at $2,273,407. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. Barclays raised their price objective on McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Loop Capital downgraded McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $346.00 to $315.00 in a report on Friday, June 6th. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective on the stock in a report on Thursday, July 10th. Melius assumed coverage on McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $325.86.

About McDonald’s

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.