Piscataqua Savings Bank Sells 57 Shares of McDonald’s Co. (NYSE:MCD)

Piscataqua Savings Bank lessened its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,422 shares of the fast-food giant’s stock after selling 57 shares during the period. Piscataqua Savings Bank’s holdings in McDonald’s were worth $1,015,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after acquiring an additional 262,147 shares in the last quarter. State Street Corp lifted its position in shares of McDonald’s by 1.4% in the second quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock valued at $10,169,018,000 after acquiring an additional 485,066 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after acquiring an additional 19,217,818 shares in the last quarter. Northern Trust Corp lifted its position in shares of McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after acquiring an additional 151,161 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of McDonald’s in the fourth quarter valued at about $2,341,360,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

McDonald’s Price Performance

Shares of MCD stock opened at $280.22 on Tuesday. The firm has a market capitalization of $202.33 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 3.04 and a beta of 0.71. The business has a fifty day moving average of $290.02 and a 200 day moving average of $280.95. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $2.59 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.38%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. Truist Financial lowered their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. TD Cowen reaffirmed an “outperform” rating and set a $325.00 target price on shares of McDonald’s in a research note on Tuesday, March 19th. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, Wedbush reissued an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $320.60.

Check Out Our Latest Research Report on McDonald’s

About McDonald’s

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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