McDonald’s Co. (NYSE:MCD) Shares Sold by Community Bank N.A.

Community Bank N.A. trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.0% in the fourth quarter, Holdings Channel reports. The fund owned 15,070 shares of the fast-food giant’s stock after selling 309 shares during the period. Community Bank N.A.’s holdings in McDonald’s were worth $4,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC lifted its position in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $33,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $39,000. Bear Mountain Capital Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $43,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $50,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MCD. TD Cowen reissued a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, April 10th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Robert W. Baird reissued an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Finally, UBS Group reduced their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Price Performance

McDonald’s stock traded down $0.13 during mid-day trading on Wednesday, hitting $276.75. 4,005,918 shares of the company were exchanged, compared to its average volume of 3,254,401. The company has a market capitalization of $199.54 billion, a P/E ratio of 23.92, a PEG ratio of 3.03 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The business’s 50 day simple moving average is $282.38 and its two-hundred day simple moving average is $281.41.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during 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 business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.59 earnings per share. Equities research analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

About McDonald’s

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.