Lincoln National Corp Has $7.26 Million Stake in McDonald’s Co. (NYSE:MCD)

Lincoln National Corp cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,492 shares of the fast-food giant’s stock after selling 1,081 shares during the period. Lincoln National Corp’s holdings in McDonald’s were worth $7,262,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MCD. International Assets Investment Management LLC grew its holdings in McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after buying an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in McDonald’s in the third quarter worth about $192,165,000. AMF Tjanstepension AB raised its position in shares of McDonald’s by 174.7% in the 3rd quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after acquiring an additional 602,707 shares in the last quarter. Barclays PLC lifted its position in McDonald’s by 16.7% during the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after buying an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC boosted its stake in McDonald’s by 39.6% during the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after acquiring an additional 370,699 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald’s

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

McDonald’s Price Performance

NYSE MCD traded down $1.02 during trading on Monday, hitting $269.30. The company’s stock had a trading volume of 2,478,555 shares, compared to its average volume of 3,311,579. The company has a market cap of $194.17 billion, a PE ratio of 22.86, a P/E/G ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business’s 50 day simple moving average is $278.97 and its 200-day simple moving average is $282.83.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.63 earnings per share. Analysts expect that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.48%. McDonald’s’s dividend payout ratio is currently 56.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BMO Capital Markets cut their price target on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. TD Cowen reaffirmed a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Tuesday, April 30th. Finally, KeyCorp lowered their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.74.

McDonald’s 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.