XTX Topco Ltd Acquires 1,863 Shares of McDonald’s Corporation $MCD

XTX Topco Ltd lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,982 shares of the fast-food giant’s stock after buying an additional 1,863 shares during the period. McDonald’s comprises 0.6% of XTX Topco Ltd’s holdings, making the stock its 8th largest position. XTX Topco Ltd’s holdings in McDonald’s were worth $14,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Edmond DE Rothschild Holding S.A. boosted its position in McDonald’s by 64.6% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 28,199 shares of the fast-food giant’s stock valued at $8,239,000 after purchasing an additional 11,063 shares during the last quarter. Aviso Financial Inc. raised its stake in shares of McDonald’s by 2.4% during the 2nd quarter. Aviso Financial Inc. now owns 24,213 shares of the fast-food giant’s stock worth $7,074,000 after purchasing an additional 573 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of McDonald’s by 2.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 123,258 shares of the fast-food giant’s stock valued at $36,012,000 after buying an additional 2,471 shares in the last quarter. South Plains Financial Inc. increased its holdings in McDonald’s by 12.7% during the second quarter. South Plains Financial Inc. now owns 2,017 shares of the fast-food giant’s stock worth $589,000 after buying an additional 228 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its position in McDonald’s by 0.9% during the second quarter. Insigneo Advisory Services LLC now owns 7,931 shares of the fast-food giant’s stock worth $2,317,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, CFO Ian Frederick Borden sold 17,134 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the completion of the sale, the chief financial officer owned 26,353 shares in the company, valued at $8,169,430. The trade was a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 34,463 shares of company stock valued at $10,549,351. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $304.99 on Tuesday. The stock has a market cap of $217.20 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The firm has a 50 day moving average price of $303.02 and a two-hundred day moving average price of $304.11. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly 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). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the company posted $3.23 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s payout ratio is currently 63.48%.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Guggenheim boosted their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. TD Cowen increased their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Finally, Evercore ISI upped their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Hold” and a consensus target price of $324.57.

McDonald’s Company 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.