Bryn Mawr Capital Management LLC Decreases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Bryn Mawr Capital Management LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,259 shares of the fast-food giant’s stock after selling 1,180 shares during the period. McDonald’s makes up approximately 0.8% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 27th biggest holding. Bryn Mawr Capital Management LLC’s holdings in McDonald’s were worth $12,530,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Jackson Hole Capital Partners LLC raised its holdings in McDonald’s by 13.5% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 10,167 shares of the fast-food giant’s stock valued at $3,015,000 after buying an additional 1,210 shares during the period. Syon Capital LLC grew its position in McDonald’s by 19.2% in the 4th quarter. Syon Capital LLC now owns 5,915 shares of the fast-food giant’s stock valued at $1,754,000 after acquiring an additional 951 shares during the last quarter. Meritage Portfolio Management grew its position in McDonald’s by 7.3% in the 4th quarter. Meritage Portfolio Management now owns 34,451 shares of the fast-food giant’s stock valued at $10,215,000 after acquiring an additional 2,346 shares during the last quarter. Roffman Miller Associates Inc. PA grew its position in McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Pittenger & Anderson Inc. grew its position in McDonald’s by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 57,601 shares of the fast-food giant’s stock valued at $17,079,000 after acquiring an additional 170 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

McDonald’s stock opened at $273.12 on Friday. The stock has a 50-day moving average of $281.68 and a two-hundred day moving average of $281.53. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The stock has a market cap of $196.92 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the business earned $2.59 earnings per share. McDonald’s’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 57.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Wedbush dropped their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday. Bank of America increased their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Citigroup dropped their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Finally, Truist Financial dropped their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $318.41.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.