Banco Bilbao Vizcaya Argentaria S.A. Sells 21,179 Shares of McDonald’s Corporation $MCD

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 21.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,467 shares of the fast-food giant’s stock after selling 21,179 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in McDonald’s were worth $22,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MCD. Nova Wealth Management Inc. bought a new stake in McDonald’s during the 1st quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s during the first quarter worth $26,000. Decker Retirement Planning Inc. grew its holdings in shares of McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the second quarter valued at $25,000. Finally, GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter valued at about $29,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 15,134 shares of company stock worth $4,570,716. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MCD shares. Truist Financial decreased their price objective on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. TD Cowen upped their target price on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Evercore ISI increased their price target on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Barclays dropped their price objective on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their price objective on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $323.91.

McDonald’s Price Performance

Shares of NYSE MCD opened at $307.11 on Friday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $218.71 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.23 and a beta of 0.50. The company’s 50 day simple moving average is $303.52 and its 200 day simple moving average is $304.78.

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). The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald’s’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.23 EPS. Sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. 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.