Candriam S.C.A. Has $25.22 Million Holdings in McDonald’s Corporation $MCD

by · The Cerbat Gem

Candriam S.C.A. cut its position in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,315 shares of the fast-food giant’s stock after selling 7,376 shares during the period. Candriam S.C.A.’s holdings in McDonald’s were worth $25,220,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MCD. Brighton Jones LLC lifted its stake in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. SSA Swiss Advisors AG bought a new stake in McDonald’s in the first quarter worth $175,000. Massachusetts Financial Services Co. MA increased its position in McDonald’s by 10.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 99,321 shares of the fast-food giant’s stock worth $31,025,000 after buying an additional 9,136 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in McDonald’s by 30.1% during the first quarter. Victory Capital Management Inc. now owns 531,969 shares of the fast-food giant’s stock valued at $166,171,000 after buying an additional 122,938 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $307.11 on Friday. The firm’s 50-day moving average is $303.52 and its 200-day moving average is $304.78. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a market cap of $218.71 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the firm earned $3.23 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company 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 $1.86 dividend. The ex-dividend date 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 dividend yield of 2.4%. McDonald’s’s dividend payout ratio is currently 63.48%.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Royal Bank Of Canada initiated coverage on McDonald’s in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target for the company. Evercore ISI upped their target price on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Stifel Nicolaus increased their price target on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Bank of America reduced their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. Finally, Citigroup lowered their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $323.91.

Get Our Latest Report on MCD

Insider Buying and Selling

In other McDonald’s news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction 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 sale, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,134 shares of company stock valued at $4,570,716 over the last ninety days. 0.25% of the stock is owned by company insiders.

About McDonald’s

(Free Report)

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.

Further Reading

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