Security National Bank Raises Stock Position in McDonald’s Co. (NYSE:MCD)

Security National Bank increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.0% in the 1st quarter, HoldingsChannel reports. The firm owned 2,053 shares of the fast-food giant’s stock after acquiring an additional 79 shares during the quarter. Security National Bank’s holdings in McDonald’s were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MCD. Independent Wealth Network Inc. raised its holdings in shares of McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after acquiring an additional 35 shares during the last quarter. Concentric Wealth Management LLC increased its stake in McDonald’s by 1.4% in the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after purchasing an additional 35 shares during the last quarter. Paragon Capital Management Ltd increased its stake in McDonald’s by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after purchasing an additional 36 shares during the last quarter. Mechanics Financial Corp increased its stake in McDonald’s by 0.7% in the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its stake in McDonald’s by 2.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’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 sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders have sold 4,095 shares of company stock worth $1,100,625 over the last quarter. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

MCD traded up $0.58 on Wednesday, reaching $257.96. The company’s stock had a trading volume of 1,613,365 shares, compared to its average volume of 3,381,977. The business’s 50 day moving average is $264.15 and its 200 day moving average is $279.82. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a market cap of $185.91 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the company earned $2.63 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is currently 56.71%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on McDonald’s from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Guggenheim dropped their target price on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. The Goldman Sachs Group started coverage on McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target for the company. UBS Group lowered their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, TD Cowen reissued a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 13th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $315.14.

About McDonald’s

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.