McDonald’s Corporation $MCD Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA cut its stake in McDonald’s Corporation (NYSE:MCD) by 10.5% in the third quarter, Holdings Channel.com reports. The firm owned 165,171 shares of the fast-food giant’s stock after selling 19,294 shares during the quarter. McDonald’s makes up approximately 1.0% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 26th biggest position. Union Bancaire Privee UBP SA’s holdings in McDonald’s were worth $49,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of McDonald’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock valued at $20,840,787,000 after buying an additional 921,936 shares during the period. State Street Corp grew its stake in shares of McDonald’s by 0.8% in the second quarter. State Street Corp now owns 34,828,352 shares of the fast-food giant’s stock valued at $10,175,800,000 after buying an additional 272,139 shares in the last quarter. Geode Capital Management LLC increased its stake in McDonald’s by 1.7% during the second quarter. Geode Capital Management LLC now owns 16,828,420 shares of the fast-food giant’s stock worth $4,901,595,000 after purchasing an additional 276,065 shares during the period. Norges Bank purchased a new stake in McDonald’s during the 2nd quarter worth approximately $2,780,712,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of McDonald’s by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after acquiring an additional 1,344,954 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the transaction, the chief financial officer directly owned 26,353 shares in the company, valued at $8,169,430. This represents a 39.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. This trade represents a 34.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,030 shares of company stock valued at $12,240,570 in the last 90 days. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MCD has been the topic of several analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Robert W. Baird upped their target price on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. Citigroup lowered their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, Barclays dropped their price target on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $324.57.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $314.76 on Wednesday. The stock has a market cap of $224.16 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 3.54 and a beta of 0.52. The business’s fifty day moving average price is $305.81 and its two-hundred day moving average price is $303.70. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.23 EPS. As a group, equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $1.86 dividend. The ex-dividend date was Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s payout ratio is currently 63.48%.

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.