B. Metzler seel. Sohn & Co. AG Has $170.68 Million Stock Position in McDonald’s Corporation $MCD

B. Metzler seel. Sohn & Co. AG lowered its stake in McDonald’s Corporation (NYSE:MCD) by 16.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 631,407 shares of the fast-food giant’s stock after selling 126,073 shares during the quarter. McDonald’s makes up approximately 1.5% of B. Metzler seel. Sohn & Co. AG’s investment portfolio, making the stock its 17th largest position. B. Metzler seel. Sohn & Co. AG’s holdings in McDonald’s were worth $170,675,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Your Advocates Ltd. LLP bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of McDonald’s during the fourth quarter valued at approximately $29,000. Abound Financial LLC bought a new stake in shares of McDonald’s during the 4th quarter worth $30,000. DecisionPoint Financial LLC raised its position in McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares during the period. Finally, Entrust Financial LLC purchased a new position in McDonald’s in the fourth quarter valued at approximately $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the sale, the insider directly owned 7,734 shares in the company, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,348 shares of company stock worth $2,355,634 in the last quarter. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler set a $286.00 target price on shares of McDonald’s in a research report on Tuesday, August 4th. Cfra upgraded McDonald’s to a “buy” rating in a research report on Friday, May 8th. UBS Group set a $305.00 price objective on McDonald’s in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of McDonald’s from $335.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Tigress Financial increased their price target on shares of McDonald’s from $385.00 to $390.00 and gave the company a “buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

McDonald’s Stock Up 0.6%

Shares of NYSE:MCD traded up $1.73 on Friday, hitting $270.86. The company had a trading volume of 1,412,055 shares, compared to its average volume of 3,894,468. The firm’s 50-day simple moving average is $272.63 and its two-hundred day simple moving average is $293.83. McDonald’s Corporation has a 1 year low of $260.96 and a 1 year high of $341.75. The firm has a market capitalization of $191.67 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 3.00 and a beta of 0.41.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter in the previous year, the company earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts anticipate that McDonald’s Corporation will post 12.88 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald’s’s payout ratio is presently 60.44%.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.