McDonald’s Co. (NYSE:MCD) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division raised its stake in McDonald’s Co. (NYSE:MCD) by 3.3% during the first quarter, Holdings Channel.com reports. The firm owned 12,736 shares of the fast-food giant’s stock after purchasing an additional 406 shares during the quarter. Moody National Bank Trust Division’s holdings in McDonald’s were worth $3,978,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MCD. Vanguard Group Inc. increased its holdings in shares of McDonald’s by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after acquiring an additional 526,466 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of McDonald’s by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock valued at $4,652,768,000 after acquiring an additional 157,458 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of McDonald’s by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock valued at $3,088,037,000 after acquiring an additional 531,070 shares during the last quarter. Norges Bank purchased a new position in shares of McDonald’s in the 4th quarter valued at about $2,725,190,000. Finally, Northern Trust Corp increased its holdings in shares of McDonald’s by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after acquiring an additional 895,896 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup increased their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Robert W. Baird raised their price target on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Morgan Stanley dropped their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. KeyCorp raised their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Finally, Wedbush raised their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Twelve research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $325.91.

McDonald’s Stock Performance

MCD opened at $311.82 on Friday. The business’s fifty day moving average is $312.27 and its two-hundred day moving average is $301.89. The company has a market cap of $222.96 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts’ consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.70 earnings per share. On average, analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.27%. McDonald’s’s dividend payout ratio is currently 62.49%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.25% 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.