Commerzbank Aktiengesellschaft FI Invests $1.94 Million in McDonald's Co. (NYSE:MCD)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of McDonald's Co. (NYSE:MCD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,821 shares of the fast-food giant’s stock, valued at approximately $1,936,000. McDonald's makes up about 0.5% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Country Club Trust Company n.a. increased its position in shares of McDonald's by 3.8% in the 3rd quarter. Country Club Trust Company n.a. now owns 8,606 shares of the fast-food giant’s stock valued at $1,889,000 after acquiring an additional 317 shares during the period. AE Wealth Management LLC boosted its holdings in McDonald's by 43.0% in the second quarter. AE Wealth Management LLC now owns 75,694 shares of the fast-food giant’s stock valued at $13,963,000 after purchasing an additional 22,773 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in McDonald's in the second quarter valued at $3,374,000. CX Institutional boosted its holdings in McDonald's by 8.4% in the third quarter. CX Institutional now owns 5,455 shares of the fast-food giant’s stock valued at $1,197,000 after purchasing an additional 422 shares during the last quarter. Finally, RDA Financial Network purchased a new stake in McDonald's in the second quarter valued at $218,000. 66.07% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's stock traded down $5.99 during trading on Monday, hitting $222.72. The company had a trading volume of 56,558 shares, compared to its average volume of 3,994,333. McDonald's Co. has a 1-year low of $124.23 and a 1-year high of $231.91. The company’s 50 day simple moving average is $221.27 and its 200-day simple moving average is $198.39. The stock has a market cap of $170.18 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 5.23 and a beta of 0.67.

McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.10). McDonald's had a net margin of 24.78% and a negative return on equity of 52.78%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business posted $2.05 EPS. The firm’s revenue for the quarter was down 29.6% on a year-over-year basis. On average, equities analysts anticipate that McDonald's Co. will post 5.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, November 30th. This is an increase from McDonald's’s previous quarterly dividend of $1.25. McDonald's’s dividend payout ratio (DPR) is 63.78%.

Several equities research analysts have commented on the stock. Jefferies Financial Group upped their price target on shares of McDonald's from $220.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 9th. Oppenheimer reissued a “hold” rating on shares of McDonald's in a research note on Tuesday, July 28th. Bank of America increased their target price on shares of McDonald's from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Credit Suisse Group increased their target price on shares of McDonald's from $210.00 to $214.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of McDonald's from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. McDonald's presently has an average rating of “Buy” and a consensus target price of $223.00.

McDonald's Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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