398,194 Shares in McDonald's Co. (NYSE:MCD) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 398,194 shares of the fast-food giant's stock, valued at approximately $121,254,000. McDonald's makes up 1.2% of B. Metzler seel. Sohn & Co. Holding AG's holdings, making the stock its 16th biggest holding. B. Metzler seel. Sohn & Co. Holding AG owned about 0.06% of McDonald's as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc grew its position in McDonald's by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant's stock valued at $1,567,030,000 after acquiring an additional 188,888 shares during the last quarter. Capital Research Global Investors increased its stake in McDonald's by 66.9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant's stock worth $1,542,550,000 after buying an additional 2,193,769 shares during the period. Ameriprise Financial Inc. lifted its holdings in McDonald's by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant's stock valued at $1,216,677,000 after buying an additional 354,196 shares in the last quarter. Capital World Investors boosted its position in McDonald's by 39.7% in the 1st quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant's stock valued at $1,005,264,000 after buying an additional 1,012,534 shares during the period. Finally, International Assets Investment Management LLC grew its stake in McDonald's by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant's stock worth $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Down 0.1 %

NYSE MCD traded down $0.37 during trading hours on Tuesday, hitting $290.73. 2,350,976 shares of the stock were exchanged, compared to its average volume of 3,501,425. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a 50-day moving average of $300.06 and a 200 day moving average of $277.60. The company has a market cap of $208.34 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 3.89 and a beta of 0.74.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 earnings per share. On average, equities research analysts expect that McDonald's Co. will post 11.77 earnings per share for the current year.

McDonald's Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.77 dividend. This is an increase from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This represents a 8.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the sale, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. KeyCorp upped their price objective on shares of McDonald's from $305.00 to $330.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Argus raised shares of McDonald's from a "hold" rating to a "buy" rating in a research report on Tuesday, October 8th. Citigroup lifted their price target on shares of McDonald's from $301.00 to $317.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Truist Financial decreased their price objective on McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, Wedbush reiterated an "outperform" rating and issued a $295.00 target price on shares of McDonald's in a research note on Wednesday, October 23rd. Thirteen analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $319.46.

McDonald's Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.