Security National Bank Cuts Stake in McDonald’s Corporation (NYSE:MCD)

Security National Bank reduced its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,717 shares of the fast-food giant’s stock after selling 65 shares during the period. Security National Bank’s holdings in McDonald’s were worth $536,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Granite Bay Wealth Management LLC increased its stake in McDonald’s by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock worth $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC increased its position in shares of McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC increased its position in shares of McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after purchasing an additional 33 shares during the last quarter. Northeast Financial Consultants Inc increased its position in shares of McDonald’s by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock valued at $2,170,000 after purchasing an additional 34 shares during the last quarter. Finally, Tealwood Asset Management Inc. increased its position in shares of McDonald’s by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock valued at $2,535,000 after purchasing an additional 34 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, the insider now owns 10,222 shares in the company, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 2,817 shares of company stock worth $865,843. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MCD. Truist Financial set a $350.00 price objective on shares of McDonald’s in a research report on Friday, May 2nd. Citigroup increased their price objective on shares of McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, Loop Capital downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $321.79.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $285.78 on Thursday. The stock has a market cap of $204.34 billion, a P/E ratio of 25.22, a P/E/G ratio of 3.04 and a beta of 0.56. The firm has a fifty day moving average price of $309.13 and a 200 day moving average price of $302.60. McDonald’s Corporation has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates 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 net margin of 31.75% and a negative return on equity of 195.27%. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.70 EPS. Sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

McDonald’s 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.