Banco Bilbao Vizcaya Argentaria S.A. Raises Stock Position in McDonald’s Corporation $MCD

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in McDonald’s Corporation (NYSE:MCD) by 20.5% during the first quarter, Holdings Channel reports. The institutional investor owned 99,646 shares of the fast-food giant’s stock after buying an additional 16,955 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in McDonald’s were worth $31,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Mascagni Wealth Management Inc. purchased a new stake in McDonald’s during the 4th quarter worth approximately $25,000. Pinney & Scofield Inc. purchased a new stake in McDonald’s during the 4th quarter worth approximately $29,000. Abound Financial LLC purchased a new stake in McDonald’s during the 1st quarter worth approximately $30,000. Copia Wealth Management purchased a new stake in McDonald’s during the 4th quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in McDonald’s during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,280 shares of company stock valued at $2,215,178 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MCD has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price on the stock in a research report on Thursday, July 10th. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Barclays lifted their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Erste Group Bank cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $326.87.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $308.71 on Tuesday. The firm has a market cap of $220.30 billion, a PE ratio of 26.45, a PEG ratio of 3.15 and a beta of 0.52. The firm has a fifty day moving average of $298.14 and a 200 day moving average of $305.31. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.97 EPS. On average, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio is presently 60.67%.

About McDonald’s

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.