Glenmede Trust Co. NA Sells 4,287 Shares of McDonald’s Corporation $MCD

Glenmede Trust Co. NA lowered its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,580 shares of the fast-food giant’s stock after selling 4,287 shares during the quarter. Glenmede Trust Co. NA’s holdings in McDonald’s were worth $98,079,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new position in McDonald’s in the 4th quarter worth approximately $27,000. IFC & Insurance Marketing Inc. purchased a new stake in McDonald’s during the 4th quarter valued at approximately $29,000. Abound Financial LLC bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $30,000. DecisionPoint Financial LLC raised its position in shares of McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after buying an additional 97 shares during the last quarter. Finally, Entrust Financial LLC purchased a new position in shares of McDonald’s in the fourth quarter worth $31,000. Institutional investors own 70.29% of the company’s stock.

More McDonald’s News

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

• Positive Sentiment: Unusually heavy call-option activity suggests some traders are positioning for upside. Investors purchased 32,245 calls, approximately 45% above the average volume of 22,241 calls.
• Positive Sentiment: Technical analyst Jay Woods said McDonald’s chart is beginning to form a potential buy signal, which could attract bargain hunters after the stock’s recent correction. CNBC article
• Positive Sentiment: McDonald’s continues to appeal to income-focused investors after declaring a quarterly dividend of $1.86 per share. Analysts also maintain a consensus “moderate buy” recommendation. Dividend strength and softer sales expectations Consensus recommendation
• Neutral Sentiment: Investors are focused on value meals, menu innovation, digital promotions, same-store sales, margins and management’s outlook when McDonald’s reports second-quarter results. Q2 earnings factors
• Negative Sentiment: Mizuho lowered its price target from $300 to $290 and assigned a “neutral” rating, signaling limited conviction despite implied upside from current levels.
• Negative Sentiment: The stock has remained below its 200-week moving average for the longest stretch since 2003, highlighting persistent technical weakness. Barchart technical analysis
• Negative Sentiment: Analysts expect softer sales and weaker earnings, particularly as lower-income consumers remain pressured. That caution could limit gains before the earnings release. McDonald’s stock ahead of August 4 earnings

McDonald’s Price Performance

Shares of MCD opened at $270.83 on Friday. The stock has a market capitalization of $192.43 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.41. McDonald’s Corporation has a 1 year low of $260.96 and a 1 year high of $341.75. The business’s 50 day simple moving average is $274.88 and its 200-day simple moving average is $297.69.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period last year, the firm posted $2.67 earnings per share. McDonald’s’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that McDonald’s Corporation will post 12.86 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be given a dividend of $1.86 per share. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 annualized dividend and a yield of 2.7%. McDonald’s’s dividend payout ratio (DPR) is 61.34%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 5,252 shares of McDonald’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the completion of the transaction, the insider directly owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This trade represents a 40.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the sale, the executive vice president owned 6,268 shares in the company, valued at approximately $1,744,760.48. This trade represents a 30.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,348 shares of company stock valued at $2,355,634 in the last quarter. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Mizuho dropped their target price on shares of McDonald’s from $300.00 to $290.00 and set a “neutral” rating for the company in a research report on Friday. Tigress Financial lifted their price target on shares of McDonald’s from $385.00 to $390.00 and gave the company a “buy” rating in a report on Friday, July 17th. Wells Fargo & Company decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Rothschild & Co Redburn raised shares of McDonald’s from a “sell” rating to a “neutral” rating and increased their price objective for the company from $260.00 to $306.00 in a report on Thursday, April 23rd. Finally, Barclays dropped their price objective on shares of McDonald’s from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.92.

About McDonald’s

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.