AXQ Capital LP Makes New $254,000 Investment in McDonald’s Corporation $MCD

AXQ Capital LP bought a new position in McDonald’s Corporation (NYSE:MCD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 871 shares of the fast-food giant’s stock, valued at approximately $254,000.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in McDonald’s in the first quarter worth $1,324,961,000. Price T Rowe Associates Inc. MD lifted its position in shares of McDonald’s by 16.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after buying an additional 1,344,954 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of McDonald’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,331,031 shares of the fast-food giant’s stock worth $20,840,787,000 after buying an additional 921,936 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of McDonald’s by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock valued at $1,556,485,000 after buying an additional 815,768 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of McDonald’s by 732.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock valued at $203,211,000 after buying an additional 572,408 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total value 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 this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,463 shares of company stock valued at $10,549,351 in the last ninety days. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. TD Cowen lifted their target price on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Robert W. Baird raised their price target on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Citigroup reduced their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Finally, Piper Sandler reissued 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $324.57.

McDonald’s Price Performance

McDonald’s stock opened at $304.99 on Tuesday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The stock has a market capitalization of $217.20 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The firm has a 50 day simple moving average of $303.02 and a 200-day simple moving average of $304.11.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the company earned $3.23 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. 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%. McDonald’s’s dividend payout ratio is presently 63.48%.

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.