McDonald’s Co. (NYSE:MCD) Shares Acquired by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services increased its position in shares of McDonald’s Co. (NYSE:MCD) by 68.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,812 shares of the fast-food giant’s stock after purchasing an additional 8,891 shares during the period. McDonald’s accounts for approximately 1.7% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 22nd largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in McDonald’s were worth $6,813,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of McDonald’s in the 4th quarter valued at $64,805,000. Revolve Wealth Partners LLC raised its stake in McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 52 shares in the last quarter. OMC Financial Services LTD lifted its position in McDonald’s by 10.2% in the fourth quarter. OMC Financial Services LTD now owns 19,735 shares of the fast-food giant’s stock valued at $5,721,000 after acquiring an additional 1,827 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in McDonald’s by 4.9% in the fourth quarter. Angeles Wealth Management LLC now owns 3,544 shares of the fast-food giant’s stock valued at $1,027,000 after acquiring an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.8%

MCD stock opened at $304.84 on Tuesday. The firm has a 50 day moving average of $312.15 and a 200-day moving average of $302.86. The company has a market cap of $217.97 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations 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 revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 earnings per share. Sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is presently 62.49%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. Bank of America lifted their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Truist Financial set a $350.00 price objective on McDonald’s in a report on Friday, May 2nd. Barclays lifted their target price on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Robert W. Baird increased their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Fourteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.48.

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.