McDonald’s Co. (NYSE:MCD) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its stake in McDonald’s Co. (NYSE:MCD) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,808 shares of the fast-food giant’s stock after acquiring an additional 248 shares during the period. Parkside Financial Bank & Trust’s holdings in McDonald’s were worth $1,129,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Shulman DeMeo Asset Management LLC raised its position in shares of McDonald’s by 12.2% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC raised its stake in McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after purchasing an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its position in McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after buying an additional 301 shares in the last quarter. Mengis Capital Management Inc. increased its stake in McDonald’s by 7.9% in the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after acquiring an additional 331 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its holdings in shares of McDonald’s by 7.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.9 %

NYSE MCD traded down $2.49 during mid-day trading on Wednesday, hitting $274.39. The company’s stock had a trading volume of 499,881 shares, compared to its average volume of 3,208,687. The company’s 50 day simple moving average is $282.61 and its 200 day simple moving average is $281.45. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm has a market capitalization of $197.84 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 3.03 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the business earned $2.59 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, research analysts forecast that McDonald’s Co. will post 12.33 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MCD. TD Cowen reissued a “buy” rating and issued a $325.00 target price on shares of McDonald’s in a report on Wednesday, April 10th. Royal Bank of Canada dropped their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Finally, Bank of America raised their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was 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 owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

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.