Interchange Capital Partners LLC Buys 48 Shares of McDonald’s Corporation $MCD

Interchange Capital Partners LLC raised its stake in McDonald’s Corporation (NYSE:MCD) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,183 shares of the fast-food giant’s stock after acquiring an additional 48 shares during the period. Interchange Capital Partners LLC’s holdings in McDonald’s were worth $346,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MCD. Vanguard Group Inc. boosted its stake in McDonald’s by 0.3% in the first quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock worth $21,993,689,000 after purchasing an additional 239,753 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of McDonald’s by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after purchasing an additional 1,344,954 shares during the last quarter. Northern Trust Corp grew its holdings 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 worth $2,800,447,000 after purchasing an additional 97,966 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of McDonald’s by 2.5% during the first 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 purchasing an additional 123,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 815,768 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on McDonald’s from $350.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Piper Sandler restated a “neutral” rating and set a $325.00 target price on shares of McDonald’s in a report on Wednesday. TD Cowen upped their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $335.00 price objective on McDonald’s in a report on Friday, October 17th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $324.50.

McDonald’s Trading Down 0.3%

NYSE:MCD opened at $306.05 on Monday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business’s 50-day moving average price is $306.49 and its two-hundred day moving average price is $305.67. The firm has a market capitalization of $218.39 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s payout ratio is currently 60.67%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value 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. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,463 shares of company stock valued at $1,692,186. 0.25% of the stock is currently owned by company insiders.

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.