ING Groep NV Purchases 39,767 Shares of McDonald’s Corporation $MCD

ING Groep NV raised its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,805 shares of the fast-food giant’s stock after buying an additional 39,767 shares during the quarter. ING Groep NV’s holdings in McDonald’s were worth $87,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Decker Retirement Planning Inc. raised its position in shares of McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the 2nd quarter valued at approximately $25,000. Evergreen Private Wealth LLC raised its holdings in McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after acquiring an additional 52 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of McDonald’s during the 2nd quarter worth approximately $29,000. Finally, Traub Capital Management LLC bought a new stake in shares of McDonald’s during the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Trending Headlines about McDonald’s

Here are the key news stories impacting McDonald’s this week:

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. BTIG Research raised McDonald’s from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a research report on Monday, February 2nd. Wells Fargo & Company raised their price objective on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Robert W. Baird lifted their target price on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research note on Friday, October 17th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Fourteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $332.38.

Check Out Our Latest Stock Report on McDonald’s

Insider Activity at McDonald’s

In other McDonald’s news, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the sale, the chief financial officer owned 26,353 shares in the company, valued at approximately $8,169,430. This trade represents a 39.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 2,626 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $306.58, for a total transaction of $805,079.08. Following the transaction, the insider owned 5,398 shares in the company, valued at $1,654,918.84. The trade was a 32.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,008 shares of company stock worth $9,895,452 in the last quarter. Insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $326.15 on Wednesday. The company has a market cap of $232.27 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 3.29 and a beta of 0.52. The stock has a fifty day moving average price of $311.90 and a two-hundred day moving average price of $307.79. McDonald’s Corporation has a 52-week low of $283.47 and a 52-week high of $328.06.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be given a dividend of $1.86 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio is 63.48%.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Read More

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCDFree Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.