Webster Bank N. A. Buys 358 Shares of McDonald’s Co. (NYSE:MCD)

Webster Bank N. A. grew its stake in McDonald’s Co. (NYSE:MCDFree Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,728 shares of the fast-food giant’s stock after purchasing an additional 358 shares during the period. Webster Bank N. A.’s holdings in McDonald’s were worth $5,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MCD. Moneta Group Investment Advisors LLC grew its stake in shares of McDonald’s by 106,340.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares during the period. Norges Bank bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $2,341,360,000. Arrowstreet Capital Limited Partnership grew its position in McDonald’s by 1,189.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after acquiring an additional 2,021,754 shares during the last quarter. Imprint Wealth LLC grew its position in McDonald’s by 31,574.5% during the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock worth $162,807,000 after acquiring an additional 1,622,929 shares during the last quarter. Finally, Barclays PLC grew its position in McDonald’s by 89.5% during the 2nd quarter. Barclays PLC now owns 2,568,877 shares of the fast-food giant’s stock worth $766,580,000 after acquiring an additional 1,213,230 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $275.59 on Thursday. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The company has a market capitalization of $198.99 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71. The company has a 50-day simple moving average of $288.71 and a 200 day simple moving average of $280.87.

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 (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $2.59 earnings per share. As a group, equities analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Announces Dividend

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

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Bank of America upped their price objective on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Robert W. Baird reaffirmed an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Finally, BMO Capital Markets upped their price objective on shares of McDonald’s from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Nine research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.60.

View Our Latest Stock Analysis on McDonald’s

McDonald’s Company 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.

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

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