McDonald’s Co. (NYSE:MCD) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 5.5% in the 1st quarter, HoldingsChannel reports. The firm owned 4,574 shares of the fast-food giant’s stock after purchasing an additional 240 shares during the quarter. Radnor Capital Management LLC’s holdings in McDonald’s were worth $1,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of McDonald’s by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of McDonald’s by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock worth $4,652,768,000 after purchasing an additional 157,458 shares during the last quarter. Capital Research Global Investors raised its stake in shares of McDonald’s by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after purchasing an additional 531,070 shares during the last quarter. Norges Bank purchased a new position in shares of McDonald’s in the fourth quarter worth about $2,725,190,000. Finally, Northern Trust Corp raised its stake in shares of McDonald’s by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

McDonald’s stock opened at $307.44 on Friday. The stock has a market capitalization of $219.83 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The business has a 50 day simple moving average of $312.29 and a 200-day simple moving average of $302.57.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.70 earnings per share. On average, equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio is presently 62.49%.

Analyst Upgrades and Downgrades

MCD has been the subject of several research analyst reports. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $346.00 to $315.00 in a research note on Friday. Truist Financial set a $350.00 price target on McDonald’s in a research report on Friday, May 2nd. Bank of America lifted their price target on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Barclays lifted their price target on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $324.96.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

About McDonald’s

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.