McDonald’s Corporation $MCD Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 20.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 302,320 shares of the fast-food giant’s stock after purchasing an additional 51,241 shares during the period. Osaic Holdings Inc.’s holdings in McDonald’s were worth $89,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MCD. Decker Retirement Planning Inc. raised its stake 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 valued at $25,000 after buying an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the second quarter worth about $25,000. HFM Investment Advisors LLC acquired a new stake in McDonald’s during the first quarter worth about $26,000. Nova Wealth Management Inc. purchased a new position in McDonald’s during the first quarter valued at approximately $26,000. Finally, GFG Capital LLC acquired a new position in McDonald’s in the second quarter valued at approximately $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Joseph M. Erlinger sold 3,195 shares of the firm’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 in the company, valued at $1,861,832.16. This trade represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ian Frederick Borden sold 17,134 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the sale, the chief financial officer owned 26,353 shares of the company’s stock, valued at $8,169,430. The trade was a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,030 shares of company stock worth $12,240,570 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Mizuho raised shares of McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada started coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price for the company. Robert W. Baird raised their price target on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of McDonald’s in a research report on Wednesday. Finally, Piper Sandler reissued a “neutral” rating and set a $325.00 target price on shares of McDonald’s in a research note on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $324.57.

McDonald’s Stock Performance

NYSE:MCD opened at $316.84 on Monday. The stock has a market capitalization of $225.64 billion, a PE ratio of 27.03, a P/E/G ratio of 3.52 and a beta of 0.52. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The company has a fifty day moving average of $304.98 and a two-hundred day moving average of $303.64.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the prior year, the firm earned $3.23 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 dividend yield of 2.3%. McDonald’s’s payout ratio is currently 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.