Railway Pension Investments Ltd Acquires 7,100 Shares of McDonald’s Co. (NYSE:MCD)

Railway Pension Investments Ltd raised its holdings in McDonald’s Co. (NYSE:MCD) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,600 shares of the fast-food giant’s stock after purchasing an additional 7,100 shares during the period. Railway Pension Investments Ltd’s holdings in McDonald’s were worth $37,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Factory Mutual Insurance Co. grew its holdings in McDonald’s by 16.4% during the 4th quarter. Factory Mutual Insurance Co. now owns 145,500 shares of the fast-food giant’s stock valued at $43,142,000 after buying an additional 20,500 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in McDonald’s by 0.4% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 15,120 shares of the fast-food giant’s stock worth $4,483,000 after acquiring an additional 55 shares during the period. North Point Portfolio Managers Corp OH lifted its stake in McDonald’s by 6.9% in the 4th quarter. North Point Portfolio Managers Corp OH now owns 1,555 shares of the fast-food giant’s stock worth $461,000 after purchasing an additional 100 shares in the last quarter. Trust Point Inc. bought a new position in McDonald’s in the 4th quarter valued at $2,013,000. Finally, Visionary Horizons LLC purchased a new position in shares of McDonald’s during the 4th quarter valued at $441,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,594 shares of company stock worth $1,454,507. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock traded up $7.94 during midday trading on Friday, reaching $276.69. 9,585,900 shares of the company’s stock traded hands, compared to its average volume of 4,294,537. The company has a market cap of $199.40 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The stock has a 50 day moving average of $255.91 and a 200-day moving average of $272.90. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the company posted $3.17 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.41%. McDonald’s’s payout ratio is 56.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Evercore ISI lowered their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. Jefferies Financial Group dropped their price target on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen cut shares of McDonald’s from a “buy” rating to a “hold” rating and cut their price target for the stock from $285.00 to $280.00 in a research note on Wednesday. Finally, Truist Financial lowered their price objective on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $303.00.

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.