Commerzbank Aktiengesellschaft FI Boosts Stock Position in McDonald’s Corporation (NYSE:MCD)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 353,637 shares of the fast-food giant’s stock after acquiring an additional 5,518 shares during the period. McDonald’s makes up approximately 2.6% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 11th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in McDonald’s were worth $110,466,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Fortis Group Advisors LLC grew its stake in shares of McDonald’s by 851.8% during the first quarter. Fortis Group Advisors LLC now owns 5,549 shares of the fast-food giant’s stock worth $1,733,000 after acquiring an additional 4,966 shares during the last quarter. Pettee Investors Inc. lifted its holdings in shares of McDonald’s by 33.9% during the first quarter. Pettee Investors Inc. now owns 7,231 shares of the fast-food giant’s stock worth $2,259,000 after purchasing an additional 1,830 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of McDonald’s by 3.4% during the first quarter. Kingsview Wealth Management LLC now owns 60,229 shares of the fast-food giant’s stock worth $18,814,000 after purchasing an additional 1,997 shares during the period. Frederick Financial Consultants LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $244,000. Finally, Woodward Diversified Capital LLC lifted its holdings in shares of McDonald’s by 8.1% during the first quarter. Woodward Diversified Capital LLC now owns 1,590 shares of the fast-food giant’s stock worth $497,000 after purchasing an additional 119 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a report on Thursday, July 10th. Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Robert W. Baird boosted their price target on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. TD Securities reissued a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 5th. Finally, Melius began coverage on McDonald’s in a report on Monday. They issued a “sell” rating and a $250.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Hold” and an average target price of $319.48.

McDonald’s Stock Performance

Shares of MCD opened at $298.71 on Thursday. McDonald’s Corporation has a one year low of $246.12 and a one year high of $326.32. The stock has a market capitalization of $213.59 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 3.12 and a beta of 0.53. The stock has a 50 day moving average price of $303.10 and a 200 day moving average price of $302.60.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.70 EPS. On average, analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s payout ratio is currently 62.49%.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider owned 10,222 shares of the company’s stock, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,817 shares of company stock valued at $1,165,843. 0.25% of the stock is owned by company insiders.

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.