Town & Country Bank & Trust CO dba First Bankers Trust CO Raises Holdings in McDonald’s Co. (NYSE:MCD)

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.4% during the first quarter, HoldingsChannel.com reports. The firm owned 10,405 shares of the fast-food giant’s stock after purchasing an additional 145 shares during the period. McDonald’s makes up approximately 1.3% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 26th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in McDonald’s were worth $2,934,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. LaSalle St. Investment Advisors LLC boosted its position in shares of McDonald’s by 3.0% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock worth $437,000 after acquiring an additional 48 shares in the last quarter. Gotham Asset Management LLC grew its holdings in shares of McDonald’s by 43.8% in the 3rd quarter. Gotham Asset Management LLC now owns 34,762 shares of the fast-food giant’s stock worth $9,158,000 after acquiring an additional 10,583 shares during the period. First Dallas Securities Inc. grew its holdings in McDonald’s by 3.9% during the 3rd quarter. First Dallas Securities Inc. now owns 4,354 shares of the fast-food giant’s stock valued at $1,147,000 after buying an additional 163 shares during the last quarter. Waverly Advisors LLC grew its holdings in McDonald’s by 8.4% during the 3rd quarter. Waverly Advisors LLC now owns 4,957 shares of the fast-food giant’s stock valued at $1,306,000 after buying an additional 383 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in McDonald’s by 12.6% during the 3rd quarter. United Services Automobile Association now owns 19,744 shares of the fast-food giant’s stock valued at $5,201,000 after buying an additional 2,204 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD traded down $3.33 during mid-day trading on Friday, reaching $254.84. The stock had a trading volume of 8,958,712 shares, compared to its average volume of 3,556,529. The company has a market capitalization of $183.66 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The stock’s 50 day simple moving average is $263.31 and its two-hundred day simple moving average is $279.19.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the business posted $2.63 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup lowered their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Robert W. Baird reduced their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. The Goldman Sachs Group started coverage on McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target on the stock. KeyCorp reduced their price target on McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Finally, Morgan Stanley cut their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $315.14.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,095 shares of company stock worth $1,100,625. 0.23% of the stock is currently owned by company insiders.

McDonald’s Profile

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.