McDonald’s Co. (NYSE:MCD) Shares Bought by Independence Bank of Kentucky

Independence Bank of Kentucky grew its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,875 shares of the fast-food giant’s stock after acquiring an additional 210 shares during the period. Independence Bank of Kentucky’s holdings in McDonald’s were worth $852,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Shulman DeMeo Asset Management LLC lifted its position in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after buying an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC grew its stake in shares of McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares during the last quarter. Mengis Capital Management Inc. grew its stake in shares of McDonald’s by 7.9% in the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after purchasing an additional 331 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC grew its stake in shares of McDonald’s by 7.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after purchasing an additional 88 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Down 0.8 %

NYSE MCD opened at $275.59 on Thursday. The company has a 50 day moving average price of $288.71 and a two-hundred day moving average price of $280.87. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock has a market capitalization of $198.99 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the company earned $2.59 earnings per share. McDonald’s’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MCD shares. Barclays lowered their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. TD Cowen reissued an “outperform” rating and issued a $325.00 target price on shares of McDonald’s in a research report on Tuesday, March 19th. Wedbush reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Nine investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $320.60.

Read Our Latest Stock Report on McDonald’s

McDonald’s Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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