McDonald’s Co. (NYSE:MCD) Holdings Trimmed by Israel Discount Bank of New York

Israel Discount Bank of New York lessened its holdings in McDonald’s Co. (NYSE:MCD) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,523 shares of the fast-food giant’s stock after selling 37 shares during the period. Israel Discount Bank of New York’s holdings in McDonald’s were worth $452,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MCD. Blue Bell Private Wealth Management LLC raised its stake in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s during the third quarter valued at approximately $33,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $39,000. Bear Mountain Capital Inc. acquired a new position in McDonald’s during the 4th quarter worth $43,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $45,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction 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 directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Stifel Nicolaus cut their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Finally, Stephens reiterated an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research note on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $318.41.

McDonald’s Stock Up 0.1 %

Shares of McDonald’s stock traded up $0.14 during trading on Monday, reaching $273.23. 2,252,479 shares of the stock were exchanged, compared to its average volume of 3,256,958. The stock’s fifty day moving average is $281.68 and its 200 day moving average is $281.96. The firm has a market cap of $197.00 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.98 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.

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 the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion for 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 business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.59 earnings per share. Equities analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.44%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

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.