Hickory Point Bank & Trust Acquires New Shares in McDonald’s Co. (NYSE:MCD)

Hickory Point Bank & Trust acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 732 shares of the fast-food giant’s stock, valued at approximately $212,000.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter worth about $27,000. Collier Financial acquired a new stake in shares of McDonald’s in the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter worth about $31,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.6 %

MCD stock opened at $308.17 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a market cap of $220.18 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74. The business’s 50 day moving average is $294.06 and its 200-day moving average is $295.27.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Sell-side analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Citigroup boosted their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Barclays boosted their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. BMO Capital Markets boosted their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, KeyCorp boosted their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 in the last three months. 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.