Janney Capital Management LLC Boosts Stock Position in McDonald's Corporation (NYSE:MCD)

Janney Capital Management LLC grew its position in McDonald's Corporation (NYSE:MCD - Free Report) by 8.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,826 shares of the fast-food giant's stock after acquiring an additional 5,547 shares during the quarter. McDonald's makes up approximately 1.6% of Janney Capital Management LLC's holdings, making the stock its 11th largest position. Janney Capital Management LLC's holdings in McDonald's were worth $22,749,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MCD. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $25,000. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC increased its holdings in shares of McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $30,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Truist Financial set a $350.00 price objective on McDonald's in a research report on Friday, May 2nd. KeyCorp boosted their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Barclays boosted their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $321.79.

McDonald's Stock Performance

MCD opened at $289.24 on Thursday. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The stock's fifty day moving average is $311.36 and its 200-day moving average is $302.86. The company has a market capitalization of $206.81 billion, a PE ratio of 25.53, a P/E/G ratio of 3.05 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the business earned $2.70 EPS. The company's quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company's stock, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by insiders.

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.

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