7,554 Shares in McDonald’s Co. (NYSE:MCD) Purchased by CoreFirst Bank & Trust

CoreFirst Bank & Trust acquired a new position in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,554 shares of the fast-food giant’s stock, valued at approximately $2,190,000. McDonald’s comprises 1.3% of CoreFirst Bank & Trust’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in McDonald’s during the fourth quarter valued at approximately $703,074,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of McDonald’s by 43,591.6% during the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after buying an additional 589,359 shares during the last quarter. Vanguard Group Inc. boosted its stake in McDonald’s by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after buying an additional 526,466 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of McDonald’s by 518.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant’s stock worth $100,916,000 after purchasing an additional 291,802 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Down 0.6 %

Shares of MCD stock opened at $305.07 on Monday. The firm 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 twelve month low of $243.53 and a twelve month high of $326.32. The stock’s fifty day simple moving average is $298.75 and its 200 day simple moving average is $297.53.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analysts Set New Price Targets

Several brokerages have recently commented on MCD. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Piper Sandler cut their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Bank of America upped their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird upped their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $323.39.

Insider Buying and Selling

In other McDonald’s 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 owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was 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 approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,405 shares of company stock valued at $9,886,656 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Profile

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.