37,871 Shares in McDonald’s Corporation $MCD Acquired by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. purchased a new position in McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,871 shares of the fast-food giant’s stock, valued at approximately $11,136,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Handelsbanken Fonder AB grew its holdings in shares of McDonald’s by 12.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 274,783 shares of the fast-food giant’s stock worth $80,283,000 after acquiring an additional 30,149 shares during the last quarter. NorthStar Asset Management LLC NJ increased its stake in McDonald’s by 3.6% in the 2nd quarter. NorthStar Asset Management LLC NJ now owns 1,003 shares of the fast-food giant’s stock worth $293,000 after purchasing an additional 35 shares in the last quarter. Prudential PLC increased its stake in McDonald’s by 17.1% in the 2nd quarter. Prudential PLC now owns 95,810 shares of the fast-food giant’s stock worth $27,993,000 after purchasing an additional 14,023 shares in the last quarter. Cumberland Partners Ltd acquired a new stake in McDonald’s during the 2nd quarter worth about $3,040,000. Finally, Howe & Rusling Inc. lifted its stake in McDonald’s by 4.6% during the second quarter. Howe & Rusling Inc. now owns 37,748 shares of the fast-food giant’s stock valued at $11,029,000 after buying an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $303.99 on Friday. The stock has a 50-day simple moving average of $302.89 and a 200-day simple moving average of $304.41. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The firm has a market cap of $216.49 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.23 EPS. As a group, equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed 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. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $305.82, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 17,329 shares of company stock worth $5,237,811. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MCD shares. Wells Fargo & Company lifted their target price on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Guggenheim boosted their target price on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird raised their target price on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Truist Financial lowered their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $324.57.

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.