BancFirst Trust & Investment Management Has $404,000 Stake in McDonald’s Co. (NYSE:MCD)

BancFirst Trust & Investment Management boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 45.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,434 shares of the fast-food giant’s stock after buying an additional 451 shares during the quarter. BancFirst Trust & Investment Management’s holdings in McDonald’s were worth $404,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new position in McDonald’s during the fourth quarter worth $31,000. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the third quarter valued at about $33,000. Clear Investment Research LLC bought a new position in McDonald’s during the fourth quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC bought a new position in McDonald’s during the fourth quarter worth about $39,000. Finally, Keener Financial Planning LLC bought a new position in McDonald’s during the fourth quarter worth about $39,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders have sold 4,096 shares of company stock valued at $1,127,678 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on MCD shares. Morgan Stanley cut their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Wedbush dropped their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Bank of America dropped their price objective on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.14.

McDonald’s Stock Down 1.2 %

MCD traded down $2.93 during trading on Tuesday, hitting $250.58. The company had a trading volume of 776,879 shares, compared to its average volume of 3,317,794. The company has a market capitalization of $180.59 billion, a PE ratio of 21.52, a PEG ratio of 2.86 and a beta of 0.72. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm’s 50-day moving average price is $265.62 and its 200 day moving average price is $281.12.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the firm earned $2.63 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.67%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

About McDonald’s

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.