Vise Technologies Inc. Acquires New Holdings in McDonald’s Corporation $MCD

Vise Technologies Inc. purchased a new position in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,828 shares of the fast-food giant’s stock, valued at approximately $4,917,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in McDonald’s by 0.3% in the 1st 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 during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of McDonald’s by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares during the last quarter. Northern Trust Corp boosted its stake in shares of McDonald’s by 1.1% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in McDonald’s by 2.5% during 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 worth $1,606,354,000 after buying an additional 123,454 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in McDonald’s by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after buying an additional 815,768 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the company’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 completion of the sale, the executive vice president owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares in the company, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,134 shares of company stock worth $4,570,716 in the last 90 days. 0.25% of the stock is currently owned by insiders.

McDonald’s Stock Performance

MCD stock opened at $299.71 on Monday. The company has a market capitalization of $213.44 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The business’s 50 day moving average price is $304.39 and its two-hundred day moving average price is $304.94. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

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

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio is currently 63.48%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MCD. Mizuho upgraded shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. KeyCorp reiterated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research note on Monday, October 20th. Royal Bank Of Canada initiated coverage on shares of McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective for the company. Robert W. Baird upped their price target on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a report on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $323.91.

McDonald’s 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.