Candriam S.C.A. Boosts Stake in McDonald’s Corporation $MCD

Candriam S.C.A. increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,886 shares of the fast-food giant’s stock after acquiring an additional 3,571 shares during the period. Candriam S.C.A.’s holdings in McDonald’s were worth $27,315,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the 2nd quarter valued at about $25,000. Decker Retirement Planning Inc. raised its position 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 acquiring an additional 50 shares in the last quarter. Evergreen Private Wealth LLC lifted its stake in McDonald’s by 162.5% during the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after purchasing an additional 52 shares during the last quarter. Financial Gravity Companies Inc. acquired a new position in McDonald’s in the second quarter valued at approximately $29,000. Finally, Traub Capital Management LLC purchased a new position in McDonald’s in the second quarter valued at approximately $29,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD opened at $325.57 on Tuesday. McDonald’s Corporation has a fifty-two week low of $283.47 and a fifty-two week high of $328.06. The firm has a 50-day simple moving average of $311.40 and a 200-day simple moving average of $307.60. The company has a market capitalization of $231.85 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 3.31 and a beta of 0.52.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 63.48%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 3,195 shares of the business’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 value of $977,094.90. Following the transaction, the insider owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the completion of the sale, the chief financial officer owned 26,353 shares of the company’s stock, valued at $8,169,430. This trade represents a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,008 shares of company stock valued at $9,895,452. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MCD shares. Citigroup lowered their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Robert W. Baird raised their price objective on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Barclays boosted their target price on McDonald’s from $358.00 to $372.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Finally, KeyCorp upped their target price on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Fifteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $332.30.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.