McDonald’s Corporation $MCD Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lessened its stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 48.1% in the first quarter, Holdings Channel.com reports. The fund owned 212,284 shares of the fast-food giant’s stock after selling 197,013 shares during the quarter. McDonald’s comprises about 1.4% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 24th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in McDonald’s were worth $65,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MCD. Peterson Wealth Services grew its stake in shares of McDonald’s by 3,294.5% in the 4th quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant’s stock valued at $3,600,000 after purchasing an additional 11,432 shares during the period. Harbour Investments Inc. lifted its holdings in McDonald’s by 84.4% during the 4th quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant’s stock valued at $10,853,000 after purchasing an additional 16,252 shares during the last quarter. Capital International Sarl boosted its position in McDonald’s by 10.4% in the fourth quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant’s stock valued at $19,639,000 after buying an additional 6,079 shares in the last quarter. North Dakota State Investment Board bought a new stake in McDonald’s during the fourth quarter worth about $7,493,000. Finally, Pittenger & Anderson Inc. grew its stake in McDonald’s by 21.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant’s stock worth $6,567,000 after buying an additional 3,866 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the sale, the insider directly owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This represents a 40.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the sale, the executive vice president owned 6,268 shares in the company, valued at $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,681 shares of company stock worth $2,456,440. Company insiders own 0.26% of the company’s stock.

McDonald’s Stock Performance

MCD opened at $267.50 on Tuesday. The company has a fifty day moving average price of $276.94 and a two-hundred day moving average price of $299.99. McDonald’s Corporation has a 52 week low of $264.09 and a 52 week high of $341.75. The firm has a market capitalization of $190.06 billion, a PE ratio of 22.05, a P/E/G ratio of 2.78 and a beta of 0.41.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The company had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the business posted $2.67 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that McDonald’s Corporation will post 12.86 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $1.86 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 annualized dividend and a yield of 2.8%. McDonald’s’s dividend payout ratio is presently 61.34%.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of McDonald’s in a research note on Monday, June 22nd. BTIG Research restated a “buy” rating and set a $370.00 price target on shares of McDonald’s in a research report on Thursday, May 7th. Cfra raised McDonald’s to a “buy” rating in a report on Friday, May 8th. Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $260.00 to $306.00 in a research report on Thursday, April 23rd. Finally, Tigress Financial boosted their price objective on McDonald’s from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $336.32.

Read Our Latest Stock Report on McDonald’s

Key McDonald’s News

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McDonald’s Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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