Czech National Bank Has $55.08 Million Holdings in McDonald’s Corporation $MCD

Czech National Bank raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,241 shares of the fast-food giant’s stock after acquiring an additional 6,432 shares during the period. Czech National Bank’s holdings in McDonald’s were worth $55,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Brighton Jones LLC lifted its holdings in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC grew its position in McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 52 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in shares of McDonald’s by 2.7% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 43,719 shares of the fast-food giant’s stock valued at $13,657,000 after buying an additional 1,137 shares during the last quarter. Erste Asset Management GmbH raised its position in shares of McDonald’s by 2,518.8% during the first quarter. Erste Asset Management GmbH now owns 59,053 shares of the fast-food giant’s stock valued at $17,951,000 after buying an additional 56,798 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its stake in shares of McDonald’s by 4.3% in the first quarter. Level Four Advisory Services LLC now owns 28,553 shares of the fast-food giant’s stock valued at $8,919,000 after buying an additional 1,176 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 1.3%

Shares of NYSE MCD opened at $318.68 on Thursday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm’s 50-day simple moving average is $306.29 and its 200 day simple moving average is $303.80. The company has a market cap of $226.95 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.49 and a beta of 0.52.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The firm 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 280.89% and a net margin of 32.04%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.23 EPS. On average, equities analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $1.86 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend was Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.3%. McDonald’s’s payout ratio is 63.48%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the sale, the insider owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,407,133. The trade was a 58.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,030 shares of company stock worth $12,240,570 in the last quarter. 0.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. KeyCorp restated an “overweight” rating and set a $335.00 price objective on shares of McDonald’s in a research report on Monday, October 20th. Piper Sandler reissued a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. Wells Fargo & Company raised their price objective on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Guggenheim increased their price target on shares of McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $324.57.

McDonald’s Profile

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.