Davis R M Inc. Reduces Holdings in McDonald’s Corporation $MCD

Davis R M Inc. reduced its stake in McDonald’s Corporation (NYSE:MCD) by 6.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,599 shares of the fast-food giant’s stock after selling 864 shares during the quarter. Davis R M Inc.’s holdings in McDonald’s were worth $3,389,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MCD. Vanguard Group Inc. lifted its stake in shares of McDonald’s by 0.3% during 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 buying an additional 239,753 shares during the period. Price T Rowe Associates Inc. MD raised its stake in McDonald’s by 16.8% in the 1st 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 acquiring an additional 1,344,954 shares during the last quarter. Northern Trust Corp lifted its position in McDonald’s by 1.1% during the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock worth $2,800,447,000 after acquiring an additional 97,966 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in McDonald’s by 2.5% during the 1st 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 valued at $1,606,354,000 after purchasing an additional 123,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of McDonald’s by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock valued at $1,556,485,000 after purchasing an additional 815,768 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.4%

MCD stock opened at $299.71 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 $213.44 billion, a P/E ratio of 25.68, a PEG ratio of 3.23 and a beta of 0.50. The company’s 50-day simple moving average is $304.39 and its 200-day simple moving average is $304.94.

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

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given 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 is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. McDonald’s’s payout ratio is 63.48%.

Insider Activity at McDonald’s

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the sale, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 15,134 shares of company stock valued at $4,570,716. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MCD shares. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Barclays decreased their price objective on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research note on Thursday. KeyCorp reiterated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research note on Monday, October 20th. Truist Financial reduced their target price on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $323.91.

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.