McDonald’s Co. (NYSE:MCD) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 27.6% during the third quarter, HoldingsChannel reports. The fund owned 21,111 shares of the fast-food giant’s stock after acquiring an additional 4,569 shares during the quarter. Acadian Asset Management LLC’s holdings in McDonald’s were worth $4,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of McDonald’s by 15.2% during the second quarter. Bank of New York Mellon Corp now owns 8,308,005 shares of the fast-food giant’s stock worth $1,532,576,000 after acquiring an additional 1,096,425 shares during the period. Morgan Stanley increased its stake in shares of McDonald’s by 2.2% during the first quarter. Morgan Stanley now owns 8,019,771 shares of the fast-food giant’s stock worth $1,326,069,000 after acquiring an additional 169,921 shares during the period. California Public Employees Retirement System increased its stake in shares of McDonald’s by 1.8% during the third quarter. California Public Employees Retirement System now owns 4,539,426 shares of the fast-food giant’s stock worth $996,359,000 after acquiring an additional 80,602 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of McDonald’s by 33.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,529,724 shares of the fast-food giant’s stock worth $835,598,000 after acquiring an additional 1,144,343 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in McDonald’s by 5.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,713,834 shares of the fast-food giant’s stock worth $685,091,000 after buying an additional 175,870 shares in the last quarter. Institutional investors and hedge funds own 66.07% of the company’s stock.

In related news, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $215.75, for a total transaction of $895,146.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 7,377 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $215.59, for a total transaction of $1,590,407.43. Following the transaction, the insider now directly owns 15,564 shares of the company’s stock, valued at approximately $3,355,442.76. The disclosure for this sale can be found here. Insiders have sold 33,456 shares of company stock valued at $7,214,101 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

A number of research firms recently commented on MCD. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of McDonald’s from $185.00 to $230.00 and gave the stock a “hold” rating in a report on Monday, November 16th. BMO Capital Markets boosted their price objective on shares of McDonald’s from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, November 10th. BTIG Research boosted their price objective on shares of McDonald’s from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Morgan Stanley boosted their price objective on shares of McDonald’s from $208.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, October 14th. Finally, Bank of America boosted their price objective on shares of McDonald’s from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Seven analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $227.88.

Shares of MCD opened at $214.09 on Friday. The company has a market capitalization of $159.52 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 4.95 and a beta of 0.62. The company’s 50 day simple moving average is $220.94 and its 200 day simple moving average is $203.27. McDonald’s Co. has a 1 year low of $124.23 and a 1 year high of $231.91.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Saturday, November 14th. The fast-food giant reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.32. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.37 billion. McDonald’s had a net margin of 24.78% and a negative return on equity of 52.78%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 earnings per share. As a group, equities research analysts expect that McDonald’s Co. will post 6 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $1.29 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, November 30th. This represents a $5.16 annualized dividend and a yield of 2.41%. McDonald’s’s dividend payout ratio is 63.78%.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

Further Reading: CD Ladder

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

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