First International Bank & Trust Sells 529 Shares of McDonald’s Co. (NYSE:MCD)

First International Bank & Trust decreased its position in McDonald’s Co. (NYSE:MCDFree Report) by 19.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,255 shares of the fast-food giant’s stock after selling 529 shares during the period. McDonald’s comprises 0.3% of First International Bank & Trust’s portfolio, making the stock its 28th biggest position. First International Bank & Trust’s holdings in McDonald’s were worth $669,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Covestor Ltd raised its stake in shares of McDonald’s by 103.4% during the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after purchasing an additional 210 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock worth $17,266,000 after purchasing an additional 5,007 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after purchasing an additional 23,643 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of McDonald’s during the 1st quarter worth approximately $1,108,000. Finally, Equitable Holdings Inc. raised its stake in McDonald’s by 59.7% in the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after acquiring an additional 3,490 shares during the period. Institutional investors own 67.60% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 4,583 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,379,960.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.27% of the company’s stock.

McDonald’s Stock Down 0.9 %

Shares of NYSE:MCD traded down $2.59 during trading on Friday, hitting $279.14. The stock had a trading volume of 5,071,675 shares, compared to its average volume of 3,201,998. The company has a market capitalization of $201.55 billion, a PE ratio of 24.13, a PEG ratio of 3.05 and a beta of 0.72. The firm’s fifty day moving average is $292.42 and its 200 day moving average is $280.84. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results 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 company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the business earned $2.59 earnings per share. McDonald’s’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts expect that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid 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 2.39%. McDonald’s’s payout ratio is currently 57.74%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCD. Piper Sandler upped their price objective on McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a report on Monday, December 11th. TD Cowen upped their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, December 7th. Stifel Nicolaus upped their price objective on McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a report on Thursday, January 4th. Royal Bank of Canada reduced their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Finally, StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $320.10.

Get Our Latest Stock Report on MCD

McDonald’s Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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