DJE Kapital AG Purchases 5,055 Shares of McDonald’s Corporation $MCD

DJE Kapital AG boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,957 shares of the fast-food giant’s stock after purchasing an additional 5,055 shares during the quarter. DJE Kapital AG’s holdings in McDonald’s were worth $12,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. First American Trust FSB boosted its position in McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA increased its position in shares of McDonald’s by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after purchasing an additional 91,313 shares during the last quarter. Hamilton Capital LLC raised its stake in shares of McDonald’s by 35.2% during the 1st quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after purchasing an additional 819 shares during the period. Welch Group LLC boosted its holdings in shares of McDonald’s by 1.1% in the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after buying an additional 2,180 shares during the last quarter. Finally, Graybill Wealth Management LTD. purchased a new position in shares of McDonald’s in the 1st quarter worth about $564,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, 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 sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,134 shares of company stock worth $4,570,716 in the last quarter. 0.25% of the stock is owned by company insiders.

McDonald’s Trading Up 0.4%

MCD opened at $299.71 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The company has a market cap of $213.88 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The company has a 50 day moving average of $304.39 and a 200 day moving average of $305.04.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the firm earned $3.23 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

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

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research analyst reports. Bank of America decreased their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Truist Financial decreased their price target on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Robert W. Baird lifted their price target on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup dropped their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, Piper Sandler reissued a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a research report on Wednesday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.