Madison Asset Management LLC bought a new position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 42,878 shares of the fast-food giant’s stock, valued at approximately $11,590,000.
A number of other hedge funds also recently added to or reduced their stakes in MCD. Danske Bank A S acquired a new stake in McDonald’s during the 2nd quarter worth approximately $99,831,000. Foster & Motley Inc. acquired a new position in shares of McDonald’s in the second quarter worth $1,640,000. Plato Investment Management Ltd acquired a new position in shares of McDonald’s in the second quarter worth $5,067,000. Bank of New York Mellon Corp purchased a new stake in shares of McDonald’s during the second quarter worth $1,359,276,000. Finally, S&CO Inc. purchased a new stake in shares of McDonald’s during the second quarter worth $2,282,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on MCD shares. Citigroup increased their price objective on McDonald’s from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada cut their price target on McDonald’s from $305.00 to $295.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings lowered McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Freedom Capital raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on McDonald’s from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $325.44.
McDonald’s Trading Down 0.0%
McDonald’s stock opened at $266.88 on Thursday. The stock has a market cap of $188.86 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.41. The company has a fifty day simple moving average of $272.94 and a 200-day simple moving average of $294.15. McDonald’s Corporation has a 12-month low of $260.96 and a 12-month high of $341.75.
McDonald’s (NYSE:MCD – Get Free Report) last issued its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 earnings per share. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.88 earnings per share for the current fiscal year.
McDonald’s Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald’s’s payout ratio is 60.44%.
Insider Activity
In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the sale, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. This trade represents a 30.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 8,348 shares of company stock valued at $2,355,634. Insiders own 0.26% of the company’s stock.
Trending Headlines about McDonald’s
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: McDonald’s second-quarter earnings beat expectations, with EPS of $3.38 versus the $3.32 consensus. Franchise-related strength, international growth, beverage opportunities and a planned U.S. recovery could support a rebound if management improves traffic and execution. McDonald’s Q2 Earnings Beat Puts U.S. Traffic and Margins in Focus
- Positive Sentiment: New and returning menu offerings—including a fall coffee flavor, limited-time meals and the Hello Kitty x Godzilla Happy Meal—could generate customer engagement and incremental visits. A gas-savings promotion may also enhance value perceptions. McDonald’s Has 8 New Hello Kitty x Godzilla Happy Meal Toys
McDonald’s Company Profile
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.
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