STAR Financial Bank Has $1.04 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

STAR Financial Bank lifted its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,509 shares of the fast-food giant’s stock after purchasing an additional 62 shares during the period. McDonald’s accounts for 0.9% of STAR Financial Bank’s portfolio, making the stock its 28th largest holding. STAR Financial Bank’s holdings in McDonald’s were worth $1,040,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in shares of McDonald’s during the 4th quarter worth about $31,000. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s during the 3rd quarter worth about $33,000. Clear Investment Research LLC bought a new stake in McDonald’s in the 4th quarter valued at about $38,000. Atlantic Edge Private Wealth Management LLC bought a new stake in McDonald’s in the 4th quarter valued at about $39,000. Finally, Keener Financial Planning LLC bought a new stake in McDonald’s in the 4th quarter valued at about $39,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’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 transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’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 transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders have sold a total of 4,096 shares of company stock worth $1,127,678 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.8 %

Shares of MCD traded down $2.07 during trading hours on Wednesday, reaching $260.65. 1,705,578 shares of the company traded hands, compared to its average volume of 3,351,844. The firm has a market cap of $187.85 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.93 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock’s fifty day moving average price is $269.30 and its 200 day moving average price is $282.76.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.63 earnings per share. On average, research analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $1.67 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.56%. McDonald’s’s dividend payout ratio is currently 56.71%.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. BMO Capital Markets cut their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Evercore ISI reissued an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Guggenheim cut their price objective on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, KeyCorp cut their price target on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $316.15.

Read Our Latest Analysis 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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