McDonald’s Corporation $MCD Position Trimmed by Paradigm Capital Management LLC NV

Paradigm Capital Management LLC NV decreased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,025 shares of the fast-food giant’s stock after selling 50 shares during the period. McDonald’s comprises about 1.0% of Paradigm Capital Management LLC NV’s portfolio, making the stock its 29th largest holding. Paradigm Capital Management LLC NV’s holdings in McDonald’s were worth $945,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Vanguard Group Inc. grew its position in shares of McDonald’s by 0.3% during the first quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock worth $21,993,689,000 after acquiring an additional 239,753 shares during the last quarter. Northern Trust Corp grew its position in shares of McDonald’s by 1.1% during the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock worth $2,800,447,000 after acquiring an additional 97,966 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of McDonald’s by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,019,019 shares of the fast-food giant’s stock worth $1,454,963,000 after acquiring an additional 504,085 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of McDonald’s by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after acquiring an additional 815,768 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of McDonald’s by 9.0% during the first quarter. Invesco Ltd. now owns 4,664,299 shares of the fast-food giant’s stock worth $1,456,987,000 after acquiring an additional 386,392 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of several recent research reports. Redburn Atlantic restated a “sell” rating and set a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Truist Financial upped their price target on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Melius assumed coverage on shares of McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 price objective for the company. Finally, Bank of America reduced their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $326.87.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 976 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the sale, the chief marketing officer directly owned 7,882 shares of the company’s stock, valued at $2,392,187. This represents a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,280 shares of company stock valued at $2,215,178. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 0.1%

Shares of NYSE MCD opened at $308.71 on Tuesday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a market capitalization of $220.30 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.15 and a beta of 0.52. The firm has a 50-day moving average of $298.14 and a two-hundred day moving average of $305.31.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the firm earned $2.97 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio is currently 60.67%.

McDonald’s Profile

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.