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 boosted its position in McDonald’s Co. (NYSE:MCD) by 68.8% in the 1st quarter, HoldingsChannel reports. The firm owned 21,812 shares of the fast-food giant’s stock after purchasing an additional 8,891 shares during the period. McDonald’s makes up about 1.7% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 22nd largest holding. 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 reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Norges Bank purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $2,725,190,000. GAMMA Investing LLC lifted its stake in shares of McDonald’s by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of McDonald’s during the fourth quarter worth $703,074,000. Castlekeep Investment Advisors LLC acquired a new position in McDonald’s in the fourth quarter valued at $350,935,000. Finally, Northern Trust Corp increased its stake in McDonald’s by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. This represents a 7.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MCD shares. TD Securities reiterated a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 5th. Robert W. Baird boosted their price target on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. KeyCorp lifted their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. Fourteen analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $324.48.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $304.84 on Tuesday. The company has a market capitalization of $217.97 billion, a PE ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.56. The business has a 50-day moving average of $312.15 and a 200-day moving average of $302.86. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

McDonald’s Company 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.