McDonald’s Corporation $MCD Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich decreased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 121,079 shares of the fast-food giant’s stock after selling 3,148 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in McDonald’s were worth $35,376,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. increased its holdings in shares of McDonald’s by 142.9% during the 2nd 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 last quarter. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the second quarter valued at about $25,000. HFM Investment Advisors LLC purchased a new stake in McDonald’s during the first quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the first quarter worth about $26,000. Finally, GFG Capital LLC purchased a new position in shares of McDonald’s in the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MCD shares. Piper Sandler reiterated a “neutral” rating and set a $325.00 target price on shares of McDonald’s in a report on Wednesday, October 22nd. Truist Financial reduced their price target on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. TD Cowen increased their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus price target of $324.57.

McDonald’s Trading Up 0.4%

MCD opened at $303.99 on Friday. The company has a fifty day simple moving average of $302.89 and a 200 day simple moving average of $304.41. The firm has a market cap of $216.49 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.23 EPS. On average, analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal 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 issued a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction that occurred 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 sale, the insider directly owned 6,088 shares in the company, valued at $1,861,832.16. The trade was a 34.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,329 shares of company stock worth $5,237,811 in the last 90 days. 0.25% of the stock is owned by corporate insiders.

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.