GQG Partners LLC Purchases Shares of 1,277 McDonald’s Co. (NYSE:MCD)

GQG Partners LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,277 shares of the fast-food giant’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Ironwood Wealth Management LLC. increased its position in shares of McDonald’s by 17.9% during the first quarter. Ironwood Wealth Management LLC. now owns 3,261 shares of the fast-food giant’s stock worth $731,000 after buying an additional 496 shares during the period. E Fund Management Co. Ltd. acquired a new stake in shares of McDonald’s during the first quarter worth $294,000. Quilter Plc increased its position in shares of McDonald’s by 2.3% during the first quarter. Quilter Plc now owns 9,685 shares of the fast-food giant’s stock worth $2,170,000 after buying an additional 218 shares during the period. Cerity Partners LLC increased its position in shares of McDonald’s by 1.8% during the first quarter. Cerity Partners LLC now owns 21,006 shares of the fast-food giant’s stock worth $4,708,000 after buying an additional 364 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the first quarter worth $160,000. Hedge funds and other institutional investors own 66.34% of the company’s stock.

In other news, CFO Kevin M. Ozan sold 47,649 shares of McDonald’s stock in a transaction dated Thursday, July 29th. The shares were sold at an average price of $243.90, for a total value of $11,621,591.10. Following the completion of the transaction, the chief financial officer now owns 32,483 shares in the company, valued at $7,922,603.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Catherine A. Hoovel sold 2,493 shares of the firm’s stock in a transaction that occurred on Thursday, July 29th. The shares were sold at an average price of $243.45, for a total transaction of $606,920.85. Following the completion of the transaction, the senior vice president now owns 3,384 shares of the company’s stock, valued at $823,834.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of McDonald’s from $259.00 to $266.00 and gave the stock an “overweight” rating in a research report on Thursday, July 29th. Piper Sandler increased their target price on shares of McDonald’s from $225.00 to $232.00 and gave the stock a “neutral” rating in a research note on Thursday, July 29th. Truist increased their target price on shares of McDonald’s from $255.00 to $266.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. KeyCorp increased their target price on shares of McDonald’s from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Finally, Robert W. Baird reissued a “buy” rating on shares of McDonald’s in a research note on Tuesday, August 31st. Seven investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $259.16.

NYSE MCD traded up $2.30 during trading hours on Thursday, reaching $244.95. 92,253 shares of the company were exchanged, compared to its average volume of 2,715,995. McDonald’s Co. has a 1 year low of $202.73 and a 1 year high of $249.95. The business’s 50 day simple moving average is $240.58 and its 200-day simple moving average is $236.03. The stock has a market capitalization of $182.93 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.36 and a beta of 0.63.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, July 27th. The fast-food giant reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.26. McDonald’s had a net margin of 31.72% and a negative return on equity of 83.98%. The business had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter last year, the company posted $0.66 earnings per share. As a group, equities analysts predict that McDonald’s Co. will post 9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, November 30th. This is an increase from McDonald’s’s previous quarterly dividend of $1.29. McDonald’s’s dividend payout ratio (DPR) is 85.29%.

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 in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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

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