McDonald’s Co. (NYSE:MCD) Shares Bought by Exchange Bank

Exchange Bank increased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,657 shares of the fast-food giant’s stock after acquiring an additional 50 shares during the period. Exchange Bank’s holdings in McDonald’s were worth $749,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of McDonald’s in the 4th quarter valued at $2,684,899,000. Gallagher Fiduciary Advisors LLC boosted its position in shares of McDonald’s by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. International Assets Investment Management LLC boosted its position in shares of McDonald’s by 10,702.5% in 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 purchasing an additional 2,154,297 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of McDonald’s by 15.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of McDonald’s by 552.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 791,639 shares of the fast-food giant’s stock valued at $234,729,000 after purchasing an additional 670,261 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of NYSE:MCD traded down $0.44 during trading on Wednesday, hitting $256.94. 934,214 shares of the stock were exchanged, compared to its average volume of 3,376,410. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The company has a market capitalization of $185.17 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The company’s fifty day simple moving average is $264.15 and its 200-day simple moving average is $279.82.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share 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 firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the business posted $2.63 EPS. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, research analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is presently 56.71%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective for the company. UBS Group decreased their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Robert W. Baird decreased their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, KeyCorp decreased their price objective on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $315.14.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related 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 value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,095 shares of company stock valued at $1,100,625. 0.23% of the stock is owned by corporate insiders.

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.