Stance Capital LLC Makes New $2.44 Million Investment in McDonald’s Corporation $MCD

Stance Capital LLC purchased a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,346 shares of the fast-food giant’s stock, valued at approximately $2,439,000. McDonald’s makes up approximately 0.9% of Stance Capital LLC’s portfolio, making the stock its 21st largest position.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in McDonald’s in the second quarter valued at about $2,780,712,000. Laurel Wealth Advisors LLC grew its stake in shares of McDonald’s by 29,382.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock valued at $1,676,339,000 after buying an additional 5,718,087 shares in the last quarter. Soundwatch Capital LLC acquired a new position in McDonald’s in the second quarter worth approximately $1,412,069,000. Viking Global Investors LP raised its position in McDonald’s by 171.7% during the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock valued at $913,157,000 after acquiring an additional 1,974,998 shares in the last quarter. Finally, Amundi lifted its stake in McDonald’s by 96.0% in the second quarter. Amundi now owns 4,032,676 shares of the fast-food giant’s stock valued at $1,188,147,000 after acquiring an additional 1,974,751 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the sale, the chief financial officer directly owned 26,353 shares in the company, valued at $8,169,430. This trade represents a 39.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,407,133. The trade was a 58.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,030 shares of company stock valued at $12,240,570 in the last ninety days. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. KeyCorp restated an “overweight” rating and set a $335.00 price target on shares of McDonald’s in a research note on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday, October 22nd. Citigroup decreased their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Finally, Barclays cut their price objective on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Hold” and an average price target of $324.57.

McDonald’s Stock Performance

McDonald’s stock opened at $316.84 on Friday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The firm has a market capitalization of $225.64 billion, a PE ratio of 27.03, a PEG ratio of 3.52 and a beta of 0.52. The business’s 50-day simple moving average is $304.98 and its 200-day simple moving average is $303.70.

McDonald’s (NYSE:MCD) last released 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 32.04% and a negative return on equity of 280.89%. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the business earned $3.23 EPS. The business’s quarterly 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 year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is currently 63.48%.

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.