ABN Amro Investment Solutions Acquires New Holdings in McDonald’s Corporation $MCD

ABN Amro Investment Solutions bought a new stake in McDonald’s Corporation (NYSE:MCD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,765 shares of the fast-food giant’s stock, valued at approximately $2,853,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Decker Retirement Planning Inc. increased its position in shares of McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after buying an additional 50 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the second quarter valued at approximately $25,000. HFM Investment Advisors LLC bought a new stake in McDonald’s in the first quarter worth about $26,000. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s in the first quarter valued at $26,000. Finally, GFG Capital LLC bought a new position in McDonald’s in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $306.74 on Friday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The firm has a fifty day moving average price of $303.37 and a 200-day moving average price of $304.71. The stock has a market cap of $218.45 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its 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 business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the business posted $3.23 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $1.86 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MCD shares. Mizuho raised shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. TD Cowen boosted their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Citigroup dropped their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Finally, Piper Sandler restated a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. Eleven research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $323.91.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the sale, the executive vice president owned 4,606 shares in the company, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 15,134 shares of company stock worth $4,570,716. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Company 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.