Delta Capital Management LLC Has $3.87 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Delta Capital Management LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 3.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,375 shares of the fast-food giant’s stock after selling 450 shares during the quarter. McDonald’s accounts for about 1.5% of Delta Capital Management LLC’s holdings, making the stock its 9th biggest holding. Delta Capital Management LLC’s holdings in McDonald’s were worth $3,866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Mattern Capital Management LLC grew its position in shares of McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after buying an additional 579 shares during the period. Bell Bank grew its position in shares of McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after buying an additional 371 shares during the period. Integral Investment Advisors Inc. grew its position in shares of McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after buying an additional 164 shares during the period. Aviva PLC boosted its stake in McDonald’s by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after purchasing an additional 23,024 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in McDonald’s by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock worth $179,715,000 after purchasing an additional 602,976 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MCD shares. TD Securities reiterated a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Thursday, June 5th. Truist Financial set a $350.00 price target on shares of McDonald’s in a research report on Friday, May 2nd. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. Finally, Citigroup increased their price objective on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $321.79.

McDonald’s Trading Up 0.4%

NYSE:MCD opened at $302.93 on Friday. The stock has a fifty day simple moving average of $311.91 and a 200-day simple moving average of $302.88. The company has a market cap of $216.60 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The company’s revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the business’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 completion of the transaction, the insider now directly owns 11,161 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

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.