XTX Topco Ltd Grows Stake in McDonald’s Corporation $MCD

XTX Topco Ltd increased its holdings in McDonald’s Corporation (NYSE:MCD) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,982 shares of the fast-food giant’s stock after purchasing an additional 1,863 shares during the period. McDonald’s makes up 0.6% of XTX Topco Ltd’s investment portfolio, making the stock its 8th biggest holding. XTX Topco Ltd’s holdings in McDonald’s were worth $14,311,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MCD. Vanguard Group Inc. raised its stake in shares of McDonald’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock valued at $20,840,787,000 after acquiring an additional 921,936 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of McDonald’s by 1.7% in the second quarter. Geode Capital Management LLC now owns 16,828,420 shares of the fast-food giant’s stock worth $4,901,595,000 after buying an additional 276,065 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of McDonald’s by 16.8% during 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 buying an additional 1,344,954 shares during the period. Northern Trust Corp grew its stake in McDonald’s by 1.1% in the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock valued at $2,800,447,000 after buying an additional 97,966 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in McDonald’s by 2.5% in 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 worth $1,606,354,000 after acquiring an additional 123,454 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MCD. Morgan Stanley set a $335.00 price objective on McDonald’s in a research note on Friday, October 17th. KeyCorp restated an “overweight” rating and set a $335.00 price objective on shares of McDonald’s in a research report on Monday, October 20th. Barclays decreased their price target on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Truist Financial lowered their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Eleven investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $324.57.

McDonald’s Stock Down 1.4%

MCD stock opened at $304.99 on Tuesday. The company has a market cap of $217.20 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business’s fifty day moving average is $303.02 and its 200-day moving average is $304.11.

McDonald’s (NYSE:MCD) last announced 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 net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business earned $3.23 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Research 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. 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 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s payout ratio is presently 63.48%.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the sale, the insider directly owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,463 shares of company stock worth $10,549,351. 0.25% of the stock is 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.