Glenview Trust Co Reduces Position in McDonald's Corporation $MCD

Key Points

• Glenview Trust Co trimmed its McDonald’s stake by 6.4% in the fourth quarter, selling 6,210 shares and leaving it with 90,761 shares valued at about $27.7 million.
• McDonald’s recently reported better-than-expected quarterly earnings, posting $2.83 per share versus the $2.74 estimate and revenue of $6.52 billion, up 9.4% year over year.
• The company also announced a quarterly dividend of $1.86 per share, implying a 2.6% yield and reinforcing its profile as an income stock.

Glenview Trust Co lessened its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,761 shares of the fast-food giant's stock after selling 6,210 shares during the quarter. Glenview Trust Co's holdings in McDonald's were worth $27,739,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. boosted its stake in shares of McDonald's by 21.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant's stock valued at $6,567,000 after purchasing an additional 3,866 shares during the period. North Dakota State Investment Board purchased a new stake in shares of McDonald's during the fourth quarter valued at approximately $7,493,000. Schroder Investment Management Group boosted its stake in shares of McDonald's by 5.2% during the third quarter. Schroder Investment Management Group now owns 1,029,572 shares of the fast-food giant's stock valued at $312,877,000 after purchasing an additional 51,039 shares during the period. National Pension Service boosted its stake in shares of McDonald's by 2.5% during the third quarter. National Pension Service now owns 1,533,015 shares of the fast-food giant's stock valued at $465,868,000 after purchasing an additional 37,744 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of McDonald's during the third quarter valued at approximately $1,697,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 2,626 shares of the firm's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $307.00, for a total transaction of $806,182.00. Following the completion of the transaction, the insider directly owned 8,400 shares in the company, valued at $2,578,800. This trade represents a 23.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,585 shares of company stock worth $1,769,209 in the last ninety days. 0.26% of the stock is owned by company insiders.

McDonald's Trading Up 0.1%

MCD opened at $282.48 on Monday. McDonald's Corporation has a 12-month low of $271.98 and a 12-month high of $341.75. The stock has a fifty day simple moving average of $299.71 and a two-hundred day simple moving average of $309.34. The company has a market cap of $200.70 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.81 and a beta of 0.43.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.09. McDonald's had a negative return on equity of 442.10% and a net margin of 31.62%.The firm had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the company earned $2.67 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. On average, analysts predict that McDonald's Corporation will post 12.93 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $1.86 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $7.44 annualized dividend and a dividend yield of 2.6%. McDonald's's dividend payout ratio (DPR) is presently 61.34%.

McDonald's News Summary

Here are the key news stories impacting McDonald's this week:

• Positive Sentiment: McDonald's declared a quarterly cash dividend of $1.86 per share, reinforcing its appeal as a dependable income stock and signaling ongoing confidence in cash generation. McDONALD'S ANNOUNCES QUARTERLY CASH DIVIDEND
• Positive Sentiment: Coverage highlighted McDonald's efforts to refresh its menu and customer experience, including new beverage additions, AI-driven drive-thru concepts, and other innovation-focused changes that could support traffic and sales. McDonald’s CEO shares major beverage menu additions
• Neutral Sentiment: McDonald's confirmed plans for a restaurant in historic Castlemaine, a small expansion item that is unlikely to materially move the stock on its own. McDonald's confirms plan for restaurant in historic Castlemaine
• Neutral Sentiment: Analyst commentary suggested McDonald's investment story is shifting as growth and valuation expectations are reset, which reflects changing sentiment rather than a clear operational surprise. Why The McDonald's (MCD) Investment Story Is Shifting As Analysts Reset Growth And Valuation
• Negative Sentiment: Articles about “shrinkflation” and smaller McNuggets could pressure sentiment if consumers view McDonald's as offering less value, potentially weighing on brand perception. Shrinkflation hits McDonald's as customers say McNuggets are half the size they used to be
• Negative Sentiment: Coverage noting that customers are divided on McDonald's specialty drinks suggests product experimentation may not be universally resonating yet. Why McDonald's Customers Are Divided On Its Specialty Drinks

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. Tigress Financial raised their price target on McDonald's from $360.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Jefferies Financial Group raised their price target on McDonald's from $360.00 to $375.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Citigroup raised their price target on McDonald's from $371.00 to $375.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Truist Financial raised their price target on McDonald's from $356.00 to $370.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. dropped their price target on McDonald's from $325.00 to $305.00 and set an "overweight" rating for the company in a research note on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $334.45.

McDonald's Company Profile

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

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