Union Savings Bank Has $1.36 Million Stock Holdings in McDonald’s Corporation (NYSE:MCD)

Union Savings Bank trimmed its stake in shares of McDonald’s Corporation (NYSE:MCD) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,341 shares of the fast-food giant’s stock after selling 194 shares during the quarter. McDonald’s accounts for 0.7% of Union Savings Bank’s portfolio, making the stock its 27th largest holding. Union Savings Bank’s holdings in McDonald’s were worth $1,356,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MCD. Mattern Capital Management LLC boosted its stake in shares of McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank raised its stake in shares of McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after acquiring an additional 371 shares during the last quarter. Integral Investment Advisors Inc. raised its stake in shares of McDonald’s by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after acquiring an additional 164 shares during the last quarter. Aviva PLC boosted its holdings in shares of McDonald’s by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after acquiring an additional 23,024 shares in the last quarter. Finally, Sagespring Wealth Partners LLC grew its position in McDonald’s by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock worth $5,381,000 after acquiring an additional 3,212 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MCD. Robert W. Baird raised their target price on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Piper Sandler boosted their target price on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Barclays upped their target price on shares of McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Finally, Erste Group Bank downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $321.79.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were 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 of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

McDonald’s Stock Down 1.0%

Shares of NYSE MCD opened at $286.75 on Friday. McDonald’s Corporation has a twelve month low of $243.53 and a twelve month high of $326.32. The business’s 50 day moving average price is $310.55 and its two-hundred day moving average price is $302.78. The company has a market cap of $205.04 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.02 and a beta of 0.56.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the firm posted $2.70 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s payout ratio is presently 62.49%.

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.