Paradigm Asset Management Co. LLC Has $232,000 Position in McDonald’s Corporation $MCD

Paradigm Asset Management Co. LLC lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 87.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 793 shares of the fast-food giant’s stock after selling 5,600 shares during the period. Paradigm Asset Management Co. LLC’s holdings in McDonald’s were worth $232,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in McDonald’s during the first quarter worth $1,324,961,000. Price T Rowe Associates Inc. MD raised its stake in shares of McDonald’s by 16.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after acquiring an additional 1,344,954 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 purchasing an additional 815,768 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of McDonald’s by 732.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 650,544 shares of the fast-food giant’s stock valued at $203,211,000 after purchasing an additional 572,408 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of McDonald’s by 204.8% in the second quarter. Assenagon Asset Management S.A. now owns 607,145 shares of the fast-food giant’s stock valued at $177,390,000 after purchasing an additional 407,982 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the completion of the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,134 shares of company stock worth $4,570,716 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a research note on Thursday. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Piper Sandler reissued a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a research report on Wednesday, October 22nd. Barclays decreased their price objective on McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Morgan Stanley set a $335.00 price target on McDonald’s in a research note on Friday, October 17th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Hold” and an average price target of $323.91.

McDonald’s Stock Up 0.4%

Shares of McDonald’s stock opened at $299.71 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market cap of $213.88 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50. The company’s fifty day moving average is $304.39 and its 200 day moving average is $305.04.

McDonald’s (NYSE:MCD) last announced 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 negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the business earned $3.23 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s payout ratio is 63.48%.

McDonald’s Company 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.