Machina Capital S.A.S. Makes New $4.15 Million Investment in McDonald’s Corporation $MCD

Machina Capital S.A.S. acquired a new position in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,208 shares of the fast-food giant’s stock, valued at approximately $4,151,000. McDonald’s makes up about 0.9% of Machina Capital S.A.S.’s investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s during the first quarter valued at $26,000. Nova Wealth Management Inc. acquired a new position in shares of McDonald’s during the first quarter valued at $26,000. GFG Capital LLC acquired a new position in shares of McDonald’s during the second quarter valued at $29,000. Abound Financial LLC acquired a new position in shares of McDonald’s during the first quarter valued at $30,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of McDonald’s during the first quarter valued at $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,487 shares of company stock valued at $1,395,970. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $298.44 on Monday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The business has a 50-day moving average of $305.70 and a two-hundred day moving average of $305.44. The company has a market capitalization of $212.97 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.97 earnings per share. On average, equities analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.5%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s payout ratio is currently 63.75%.

Analyst Ratings Changes

MCD has been the topic of several research reports. Truist Financial cut their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. KeyCorp reiterated an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a report on Monday, October 20th. Stifel Nicolaus upped their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Citigroup dropped their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, Guggenheim dropped their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $323.43.

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.