McDonald’s Co. (NYSE:MCD) Shares Sold by Community Bank N.A.

Community Bank N.A. decreased its holdings in McDonald’s Co. (NYSE:MCD) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,235 shares of the fast-food giant’s stock after selling 70 shares during the quarter. Community Bank N.A.’s holdings in McDonald’s were worth $4,126,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter worth approximately $25,000. Atala Financial Inc purchased a new stake in McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial purchased a new stake in McDonald’s during the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC increased its stake in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $305.07 on Friday. The company has a market capitalization of $217.96 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The business has a 50 day moving average price of $298.75 and a 200 day moving average price of $297.46.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald’s’s payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MCD. TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Citigroup upped their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upped their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Truist Financial dropped their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, BMO Capital Markets upped their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $323.39.

Insiders Place Their Bets

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.