KBC Group NV Sells 2,416 Shares of McDonald’s Corporation $MCD

KBC Group NV lessened its stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,489 shares of the fast-food giant’s stock after selling 2,416 shares during the quarter. KBC Group NV’s holdings in McDonald’s were worth $43,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MCD. Norges Bank bought a new stake in McDonald’s during the 4th quarter valued at $2,890,438,000. Diamant Asset Management Inc. grew its holdings in McDonald’s by 30,979.0% in the 1st quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock worth $806,917,000 after acquiring an additional 2,587,986 shares during the last quarter. J. Stern & Co. LLP grew its holdings in McDonald’s by 9,867.5% in the 4th quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant’s stock worth $776,608,000 after acquiring an additional 2,515,515 shares during the last quarter. Viking Global Investors LP increased its position in shares of McDonald’s by 171.7% in the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock valued at $913,157,000 after acquiring an additional 1,974,998 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of McDonald’s by 49.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,104,337 shares of the fast-food giant’s stock valued at $948,779,000 after acquiring an additional 1,033,041 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MCD shares. TD Cowen reiterated a “hold” rating on shares of McDonald’s in a report on Friday, June 12th. JPMorgan Chase & Co. reduced their price target on McDonald’s from $325.00 to $305.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Erste Group Bank lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Tigress Financial upped their price target on McDonald’s from $385.00 to $390.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays dropped their price objective on McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.32.

Read Our Latest Report on McDonald’s

McDonald’s Price Performance

Shares of MCD opened at $267.50 on Tuesday. The company has a 50-day simple moving average of $276.94 and a two-hundred day simple moving average of $299.99. The firm has a market capitalization of $190.06 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.78 and a beta of 0.41. McDonald’s Corporation has a one year low of $264.09 and a one year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the business earned $2.67 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that McDonald’s Corporation will post 12.86 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s dividend payout ratio is presently 61.34%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 5,252 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider owned 7,734 shares in the company, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. This represents a 30.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 8,681 shares of company stock worth $2,456,440. 0.26% of the stock is owned by insiders.

Key Stories Impacting McDonald’s

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

McDonald’s 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.

Further Reading

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

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