Railway Pension Investments Ltd Raises Holdings in McDonald’s Corporation $MCD

Railway Pension Investments Ltd raised its position in McDonald’s Corporation (NYSE:MCD) by 131.0% during the second quarter, HoldingsChannel reports. The firm owned 84,100 shares of the fast-food giant’s stock after purchasing an additional 47,700 shares during the period. Railway Pension Investments Ltd’s holdings in McDonald’s were worth $24,571,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. WealthPlan Investment Management LLC grew its stake in McDonald’s by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after acquiring an additional 32 shares in the last quarter. WealthTrust Axiom LLC grew its position in shares of McDonald’s by 1.8% in the first quarter. WealthTrust Axiom LLC now owns 1,946 shares of the fast-food giant’s stock valued at $608,000 after purchasing an additional 35 shares in the last quarter. Certior Financial Group LLC grew its position in shares of McDonald’s by 2.6% in the first quarter. Certior Financial Group LLC now owns 1,367 shares of the fast-food giant’s stock valued at $427,000 after purchasing an additional 35 shares in the last quarter. Alaethes Wealth LLC increased its holdings in shares of McDonald’s by 3.0% in the first quarter. Alaethes Wealth LLC now owns 1,219 shares of the fast-food giant’s stock valued at $381,000 after purchasing an additional 35 shares during the last quarter. Finally, Sheets Smith Wealth Management lifted its position in McDonald’s by 1.0% during the second quarter. Sheets Smith Wealth Management now owns 3,604 shares of the fast-food giant’s stock worth $1,053,000 after buying an additional 35 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

NYSE MCD opened at $311.75 on Friday. The company has a market cap of $222.01 billion, a P/E ratio of 26.71, a P/E/G ratio of 3.23 and a beta of 0.50. The stock has a 50-day moving average of $303.73 and a two-hundred day moving average of $304.17. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the business posted $3.23 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio is currently 63.48%.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares in the company, valued at $1,861,832.16. This represents a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 34,463 shares of company stock valued at $10,549,351. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Truist Financial cut their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Barclays decreased their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company raised their price target on shares of McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Evercore ISI upped their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $324.57.

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.