McDonald’s Corporation $MCD Stake Lifted by R Squared Ltd

R Squared Ltd raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 100.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,559 shares of the fast-food giant’s stock after purchasing an additional 3,282 shares during the period. McDonald’s accounts for about 0.8% of R Squared Ltd’s portfolio, making the stock its 11th largest position. R Squared Ltd’s holdings in McDonald’s were worth $1,515,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MCD. Bank of New York Mellon Corp purchased a new stake in shares of McDonald’s in the 2nd quarter worth approximately $1,359,276,000. Bessemer Group Inc. increased its holdings in McDonald’s by 132.1% during the first quarter. Bessemer Group Inc. now owns 1,325,880 shares of the fast-food giant’s stock valued at $412,071,000 after buying an additional 754,596 shares during the period. State Street Corp increased its holdings in McDonald’s by 1.8% during the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock valued at $9,752,921,000 after buying an additional 646,675 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in McDonald’s by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock valued at $1,130,587,000 after buying an additional 533,448 shares during the period. Finally, Ascentis Wealth Management LLC raised its stake in McDonald’s by 23,222.1% in the second quarter. Ascentis Wealth Management LLC now owns 478,103 shares of the fast-food giant’s stock worth $129,236,000 after buying an additional 476,053 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Trending Headlines about McDonald’s

Here are a few of the latest headlines about MCD:

• Positive Sentiment: McDonald’s has raised its dividend for 50 consecutive years, earning Dividend King status. Its heavily franchised business and rental and royalty income support recurring cash flow and the potential for future increases—an attraction for long-term income investors. McDonald’s Is a Dividend King With 50 Years of Raises
• Positive Sentiment: McDonald’s and Uber are expanding their delivery and loyalty partnership across 14 markets. The broader reach could help increase delivery orders and customer engagement, although the impact on sales and profits is not yet established. McDonald’s and Uber expand delivery and loyalty tie-up
• Negative Sentiment: Short-term trading commentary points to resistance near $285 and a recent reversal, which could add selling pressure after the run-up. The same growth analysis flags rising costs and execution risks as potential threats to momentum. Stock of the Day: Is McDonald’s Reversing?

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Deutsche Bank lowered their target price on McDonald’s from $325.00 to $300.00 and set a “buy” rating for the company in a report on Monday, September 14th. Guggenheim cut their price target on McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. UBS Group reissued a “buy” rating on shares of McDonald’s in a research report on Monday, October 19th. Wells Fargo & Company upped their price objective on McDonald’s from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Finally, Robert W. Baird decreased their price objective on McDonald’s from $285.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $297.82.

McDonald’s Stock Down 0.5%

NYSE MCD opened at $273.55 on Friday. The firm has a market cap of $193.07 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 3.18 and a beta of 0.42. The company has a 50 day moving average price of $249.98 and a 200 day moving average price of $281.96. McDonald’s Corporation has a 52 week low of $229.20 and a 52 week high of $341.75.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.19. McDonald’s had a net margin of 32.38% and a negative return on equity of 826.29%. The company had revenue of $7.16 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period last year, the firm earned $3.22 earnings per share. McDonald’s’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Corporation will post 12.91 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $1.93 per share. The ex-dividend date is Tuesday, December 1st. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio (DPR) is currently 58.86%.

McDonald’s Company Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app. The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.