McDonald’s Corporation $MCD Shares Bought by Jacobsen Capital Management

Jacobsen Capital Management raised its stake in McDonald’s Corporation (NYSE:MCD) by 13.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,220 shares of the fast-food giant’s stock after acquiring an additional 142 shares during the period. Jacobsen Capital Management’s holdings in McDonald’s were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of McDonald’s by 0.3% in the first quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock valued at $21,993,689,000 after acquiring an additional 239,753 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 purchasing an additional 1,344,954 shares in the last quarter. Northern Trust Corp lifted its position in McDonald’s by 1.1% in the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock valued at $2,800,447,000 after purchasing an additional 97,966 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in McDonald’s by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant’s stock valued at $1,606,354,000 after purchasing an additional 123,454 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in McDonald’s by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock valued at $1,556,485,000 after purchasing an additional 815,768 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Morgan Stanley set a $335.00 price objective on McDonald’s in a research report on Friday. Citigroup reduced their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday. Piper Sandler upped their price target on shares of McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, TD Cowen increased their price target on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $324.41.

McDonald’s Trading Down 0.1%

Shares of McDonald’s stock opened at $307.36 on Wednesday. The business’s fifty day moving average price is $306.47 and its 200 day moving average price is $305.48. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $219.33 billion, a P/E ratio of 26.34, a PEG ratio of 3.25 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 EPS. As a group, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

Insider Activity at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,463 shares of company stock worth $1,692,186. 0.25% of the stock is currently owned by corporate insiders.

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.