Citizens & Northern Corp Sells 289 Shares of McDonald’s Corporation (NYSE:MCD)

Citizens & Northern Corp decreased its position in McDonald’s Corporation (NYSE:MCD) by 5.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,677 shares of the fast-food giant’s stock after selling 289 shares during the period. Citizens & Northern Corp’s holdings in McDonald’s were worth $1,461,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in McDonald’s during the 4th quarter worth about $2,725,190,000. GAMMA Investing LLC increased its position 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $703,074,000. Castlekeep Investment Advisors LLC bought a new position in shares of McDonald’s in the fourth quarter valued at $350,935,000. Finally, Northern Trust Corp lifted its holdings in McDonald’s by 11.2% during 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 purchasing an additional 895,896 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several research analyst reports. Truist Financial set a $350.00 target price on shares of McDonald’s in a research note on Friday, May 2nd. Loop Capital downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Barclays boosted their price objective on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Robert W. Baird lifted their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $321.79.

McDonald’s Stock Down 1.1%

NYSE:MCD opened at $289.24 on Friday. The company has a fifty day moving average of $311.02 and a 200-day moving average of $302.84. The firm has a market capitalization of $206.81 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.02 and a beta of 0.56. McDonald’s Corporation has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 EPS. On average, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insiders Place Their Bets

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 completion of the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.

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.