Paradigm Capital Management LLC NV Has $945,000 Stake in McDonald’s Corporation $MCD

Paradigm Capital Management LLC NV decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,025 shares of the fast-food giant’s stock after selling 50 shares during the period. McDonald’s comprises 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.

Other large investors also recently made changes to their positions in the company. First American Trust FSB increased its holdings in shares of McDonald’s by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock valued at $11,532,000 after purchasing an additional 13,234 shares during the period. Red Door Wealth Management LLC increased its holdings in McDonald’s by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock worth $1,788,000 after buying an additional 109 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in McDonald’s by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock worth $107,867,000 after buying an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in McDonald’s by 22.9% in the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock worth $5,381,000 after buying an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC increased its holdings in McDonald’s by 1.7% in the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock worth $17,078,000 after buying an additional 937 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. Evercore ISI increased their price objective on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Citigroup increased their price objective on McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Loop Capital downgraded McDonald’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Bank of America decreased their target price on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $350.00 target price (up previously from $345.00) on shares of McDonald’s in a research report on Thursday, August 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $326.87.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,280 shares of company stock valued at $2,215,178 over the last ninety days. 0.25% of the stock is owned by company insiders.

McDonald’s Trading Down 0.1%

MCD opened at $308.71 on Tuesday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a market capitalization of $220.30 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 3.15 and a beta of 0.52. The business has a 50 day moving average of $298.14 and a 200-day moving average of $305.31.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%. McDonald’s’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $2.97 earnings per share. Equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

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.