Invesco LLC Grows Position in McDonald’s Corporation $MCD

Invesco LLC lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,490 shares of the fast-food giant’s stock after buying an additional 214 shares during the period. Invesco LLC’s holdings in McDonald’s were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in McDonald’s in the 1st quarter worth approximately $1,324,961,000. Price T Rowe Associates Inc. MD increased its holdings in shares of McDonald’s by 16.8% in the first 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. Goldman Sachs Group Inc. lifted its position 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 in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in McDonald’s by 732.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock worth $203,211,000 after buying an additional 572,408 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in McDonald’s by 204.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant’s stock valued at $177,390,000 after buying an additional 407,982 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.9%

McDonald’s stock opened at $305.10 on Monday. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The firm has a market cap of $217.72 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49. The company’s 50 day moving average is $306.48 and its two-hundred day moving average is $306.25.

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

McDonald’s Dividend Announcement

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

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock worth $2,273,407 in the last ninety days. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MCD shares. TD Securities reissued a “hold” rating and set a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 5th. Barclays boosted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Melius assumed coverage on McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. Finally, Guggenheim reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $325.86.

McDonald’s Company 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.