15,272 Shares in McDonald’s Corporation $MCD Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new position in shares of McDonald’s Corporation (NYSE:MCD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,272 shares of the fast-food giant’s stock, valued at approximately $4,746,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hamilton Point Investment Advisors LLC grew its position in McDonald’s by 1.8% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 1,750 shares of the fast-food giant’s stock worth $535,000 after purchasing an additional 31 shares during the period. Encompass More Asset Management raised its stake in shares of McDonald’s by 1.5% during the 4th quarter. Encompass More Asset Management now owns 2,120 shares of the fast-food giant’s stock valued at $648,000 after buying an additional 32 shares during the last quarter. Richmond Investment Services LLC lifted its holdings in shares of McDonald’s by 1.4% in the 4th quarter. Richmond Investment Services LLC now owns 2,278 shares of the fast-food giant’s stock valued at $696,000 after buying an additional 32 shares during the period. Papamarkou Wellner Asset Management inc. lifted its holdings in shares of McDonald’s by 0.4% in the 4th quarter. Papamarkou Wellner Asset Management inc. now owns 8,809 shares of the fast-food giant’s stock valued at $2,692,000 after buying an additional 32 shares during the period. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of McDonald’s by 1.6% in the 4th quarter. Physician Wealth Advisors Inc. now owns 2,102 shares of the fast-food giant’s stock valued at $642,000 after buying an additional 33 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on MCD. Morgan Stanley set a $331.00 target price on McDonald’s in a report on Friday, May 8th. Wells Fargo & Company decreased their price target on McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, May 8th. KeyCorp lowered their price target on McDonald’s from $330.00 to $315.00 and set an “overweight” rating on the stock in a research report on Monday. Sanford C. Bernstein reissued a “market perform” rating on shares of McDonald’s in a report on Monday, June 22nd. Finally, JPMorgan Chase & Co. reduced their target price on McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $335.70.

Key Headlines Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s is nearing Dividend King status, and its dividend yield has risen to nearly 2.8%, which may attract income-focused investors looking to accumulate shares at lower levels. This Wannabe Dividend King Had a Tough H1. Expect Some Relief in H2.
• Positive Sentiment: Wall Street brokerage sentiment remains constructive, with the average recommendation on McDonald’s still effectively a Buy, reinforcing the view that analysts see upside from current levels. Brokers Suggest Investing in McDonald’s (MCD): Read This Before Placing a Bet
• Positive Sentiment: McDonald’s hired Bryan Brown as U.S. chief development officer, a move that could support domestic expansion and long-term growth. McDonald’s names Bryan Brown U.S. chief development officer
• Positive Sentiment: Articles highlighting McDonald’s stock as potentially having “hit bottom” may be encouraging bargain-hunting after the recent weakness. McDonald’s Corp Stock May Have Hit Bottom – Ways to Play MCD Stock
• Neutral Sentiment: Promotions such as discounted Big Macs, FIFA collectibles, and menu nostalgia pieces may help brand engagement, but they are unlikely to move the stock materially on their own.
• Negative Sentiment: One article says McDonald’s remains close to 52-week lows because of margin pressure from franchises and weakening foot traffic, which is the main bearish narrative weighing on the shares. Should You Buy McDonald’s (MCD) At 52-Week Lows
• Negative Sentiment: Customer complaints about hidden upcharges and dissatisfaction with new menu items could add to concerns about pricing backlash and weaker consumer sentiment. McDonald’s customers furious to discover new hidden upcharge on classic menu item: ‘That’s really shady’

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares in the company, valued at approximately $1,744,760.48. This trade represents a 30.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider directly owned 7,734 shares in the company, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,307 shares of company stock worth $3,262,622 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

McDonald’s Stock Down 0.2%

MCD opened at $269.78 on Thursday. The company has a market cap of $191.68 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. McDonald’s Corporation has a twelve month low of $264.53 and a twelve month high of $341.75. The company has a 50-day moving average price of $281.07 and a 200 day moving average price of $303.64.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The company had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the firm posted $2.67 EPS. McDonald’s’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.86 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.8%. McDonald’s’s payout ratio is currently 61.34%.

McDonald’s Company 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.