McDonald’s Co. (NYSE:MCD) Shares Purchased by Intrust Bank NA

Intrust Bank NA raised its position in McDonald’s Co. (NYSE:MCD) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,178 shares of the fast-food giant’s stock after purchasing an additional 343 shares during the period. Intrust Bank NA’s holdings in McDonald’s were worth $2,371,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter worth about $25,000. Atala Financial Inc purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial purchased a new stake in McDonald’s in the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC grew its holdings in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,405 shares of company stock valued at $9,886,656. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $306.95 on Friday. The business’s 50-day moving average is $301.52 and its two-hundred day moving average is $298.10. The firm has a market capitalization of $219.31 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Piper Sandler reduced their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Truist Financial reduced their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Wedbush lifted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Robert W. Baird upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, TD Securities reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Company 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.