McDonald's Corporation $MCD Stock Position Raised by Amundi

Amundi lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 96.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,032,676 shares of the fast-food giant's stock after purchasing an additional 1,974,751 shares during the quarter. Amundi owned about 0.57% of McDonald's worth $1,188,147,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other hedge funds have also made changes to their positions in the stock. Portland Global Advisors LLC increased its position in McDonald's by 1.1% in the second quarter. Portland Global Advisors LLC now owns 4,445 shares of the fast-food giant's stock worth $1,299,000 after buying an additional 50 shares during the period. Epoch Investment Partners Inc. grew its position in shares of McDonald's by 8.7% during the second quarter. Epoch Investment Partners Inc. now owns 214,247 shares of the fast-food giant's stock worth $62,597,000 after acquiring an additional 17,193 shares during the last quarter. Royal Fund Management LLC increased its holdings in shares of McDonald's by 4.3% in the 2nd quarter. Royal Fund Management LLC now owns 16,901 shares of the fast-food giant's stock worth $4,956,000 after acquiring an additional 697 shares during the period. Veltria Advisors Corp. lifted its position in McDonald's by 7.4% in the 2nd quarter. Veltria Advisors Corp. now owns 698 shares of the fast-food giant's stock valued at $204,000 after purchasing an additional 48 shares during the last quarter. Finally, Great Diamond Partners LLC boosted its stake in McDonald's by 9.7% during the 2nd quarter. Great Diamond Partners LLC now owns 1,969 shares of the fast-food giant's stock valued at $575,000 after purchasing an additional 174 shares during the period. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.1%

Shares of NYSE MCD opened at $308.02 on Friday. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a 50-day moving average of $303.88 and a two-hundred day moving average of $304.01. The company has a market capitalization of $219.36 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.42 and a beta of 0.52.

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McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 280.89% and a net margin of 32.04%.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 prior year, the firm earned $3.23 EPS. The business's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Increases Dividend

The business also recently disclosed 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 boost 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 2.4%. McDonald's's payout ratio is currently 63.48%.

Insider Transactions at McDonald's

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In other news, insider Joseph M. Erlinger sold 3,195 shares of the company's stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares of the company's stock, valued at $1,861,832.16. This represents a 34.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ian Frederick Borden sold 17,134 shares of McDonald's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the transaction, the chief financial officer directly owned 26,353 shares in the company, valued at $8,169,430. This represents a 39.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,030 shares of company stock valued at $12,240,570 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on MCD. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Friday, October 24th. JPMorgan Chase & Co. increased their price objective on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Evercore ISI raised their target price on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Truist Financial reduced their price target on McDonald's from $360.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada initiated coverage on McDonald's in a research note on Wednesday, October 8th. They issued a "sector perform" rating and a $320.00 price target for the company. Eleven analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $324.57.

View Our Latest Report on McDonald's

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.

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