Deutsche Bank AG Sells 181,113 Shares of McDonald’s Corporation $MCD

Deutsche Bank AG decreased its holdings in McDonald’s Corporation (NYSE:MCDFree Report) by 7.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,356,751 shares of the fast-food giant’s stock after selling 181,113 shares during the quarter. Deutsche Bank AG’s holdings in McDonald’s were worth $720,294,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Your Advocates Ltd. LLP bought a new position in shares of McDonald’s in the fourth quarter worth about $27,000. Park Place Capital Corp boosted its stake in McDonald’s by 95.7% during the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after buying an additional 45 shares during the last quarter. DecisionPoint Financial LLC boosted its stake in McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after buying an additional 97 shares during the last quarter. Entrust Financial LLC bought a new position in McDonald’s during the fourth quarter valued at approximately $31,000. Finally, Painted Porch Advisors LLC increased its stake in McDonald’s by 735.7% in the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $282.08 on Wednesday. McDonald’s Corporation has a 1 year low of $271.85 and a 1 year high of $341.75. The stock’s 50 day simple moving average is $290.86 and its two-hundred day simple moving average is $307.22. The company has a market cap of $200.42 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the business posted $2.67 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corporation will post 12.93 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $1.86 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a yield of 2.6%. McDonald’s’s dividend payout ratio is 61.34%.

Trending Headlines about McDonald’s

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

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of the company’s stock in a transaction that occurred on 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 directly owned 6,268 shares in the company, valued at $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 333 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $280.11, for a total value of $93,276.63. Following the sale, the insider owned 7,734 shares in the company, valued at approximately $2,166,370.74. This trade represents a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,055 shares of company stock worth $1,769,373. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MCD. Evercore set a $350.00 price objective on McDonald’s in a report on Friday, May 8th. UBS Group boosted their price target on shares of McDonald’s from $350.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Piper Sandler boosted their price target on shares of McDonald’s from $323.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Jefferies Financial Group boosted their price target on shares of McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Robert W. Baird set a $305.00 price target on shares of McDonald’s in a research report on Thursday, May 7th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $336.26.

View Our Latest Research Report on McDonald’s

McDonald’s Company 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

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

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