McDonald's Co. (MCD) Stake Raised by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. grew its position in McDonald's Co. (NYSE:MCD) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,551 shares of the fast-food giant’s stock after buying an additional 3,529 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in McDonald's were worth $16,694,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of McDonald's by 1.6% during the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after purchasing an additional 906,303 shares during the period. BlackRock Inc. boosted its holdings in shares of McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the period. Capital World Investors boosted its holdings in shares of McDonald's by 2.8% during the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after purchasing an additional 606,232 shares during the period. Capital Research Global Investors boosted its holdings in shares of McDonald's by 15.0% during the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after purchasing an additional 1,572,074 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of McDonald's by 3.1% during the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after purchasing an additional 360,212 shares during the period. Institutional investors own 67.53% of the company’s stock.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the sale, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Insiders have sold 207,550 shares of company stock worth $35,118,055 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Shares of McDonald's Co. (NYSE MCD) traded down $5.53 during mid-day trading on Monday, reaching $163.85. 7,247,262 shares of the company were exchanged, compared to its average volume of 3,460,000. McDonald's Co. has a fifty-two week low of $123.28 and a fifty-two week high of $178.70. The company has a market capitalization of $132,720.00, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.50 and a beta of 0.59. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. McDonald's’s revenue was down 11.4% compared to the same quarter last year. equities analysts anticipate that McDonald's Co. will post 7.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is currently 63.52%.

Several research firms recently commented on MCD. Bank of America set a $200.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Monday, January 29th. Credit Suisse Group restated an “outperform” rating and set a $191.00 price target (up from $185.00) on shares of McDonald's in a report on Tuesday, January 23rd. Nomura restated a “buy” rating and set a $198.00 price target (up from $190.00) on shares of McDonald's in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a report on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Friday, January 19th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $183.42.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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