OLD Second National Bank of Aurora Sells 122 Shares of McDonald’s Co. (NYSE:MCD)

OLD Second National Bank of Aurora cut its holdings in McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 11,237 shares of the fast-food giant’s stock after selling 122 shares during the period. OLD Second National Bank of Aurora’s holdings in McDonald’s were worth $3,332,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MCD. Moneta Group Investment Advisors LLC boosted its position in shares of McDonald’s by 106,340.3% in the fourth 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 acquiring an additional 19,217,818 shares during the period. Norges Bank bought a new stake in McDonald’s in the 4th quarter valued at $2,341,360,000. International Assets Investment Management LLC grew its position in McDonald’s by 10,702.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 purchasing an additional 2,021,754 shares during the period. Finally, Imprint Wealth LLC raised its position in shares of McDonald’s by 31,574.5% during the second quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock valued at $162,807,000 after buying an additional 1,622,929 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. Evercore ISI reissued an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. TD Cowen reaffirmed a “buy” rating and issued a $325.00 target price on shares of McDonald’s in a research report on Wednesday, April 10th. Stephens reissued an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. Finally, HSBC started coverage on shares of McDonald’s in a report on Wednesday, December 20th. They set a “buy” rating and a $317.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

Insider Activity

In related 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 sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.27% of the company’s stock.

McDonald’s Price Performance

MCD traded up $0.72 during mid-day trading on Thursday, hitting $270.67. The stock had a trading volume of 678,496 shares, compared to its average volume of 3,210,708. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm has a market capitalization of $195.16 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The stock’s fifty day simple moving average is $283.86 and its 200-day simple moving average is $280.69.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.59 earnings per share. As a group, research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

McDonald’s Company 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.