Peoples Bank KS Has $3.26 Million Stake in McDonald’s Co. (NYSE:MCD)

Peoples Bank KS trimmed its stake in McDonald’s Co. (NYSE:MCDFree Report) by 1.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,566 shares of the fast-food giant’s stock after selling 145 shares during the period. McDonald’s makes up about 2.5% of Peoples Bank KS’s portfolio, making the stock its 8th biggest position. Peoples Bank KS’s holdings in McDonald’s were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MCD. Roffman Miller Associates Inc. PA raised its holdings in shares of McDonald’s by 1.7% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after buying an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC increased its holdings in McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after purchasing an additional 114 shares during the period. Aigen Investment Management LP purchased a new position in McDonald’s during the 4th quarter worth $4,286,000. Strait & Sound Wealth Management LLC purchased a new position in McDonald’s during the 4th quarter worth $211,000. Finally, First National Bank of Mount Dora Trust Investment Services increased its holdings 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 purchasing an additional 301 shares during the period. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Citigroup reduced their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Argus restated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Stifel Nicolaus reduced their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Truist Financial cut their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, TD Cowen reiterated a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a report on Thursday, June 13th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

Read Our Latest Report on McDonald’s

Insider Activity

In other news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 4,096 shares of company stock valued at $1,127,678 in the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of MCD opened at $250.79 on Wednesday. The stock has a 50-day moving average of $265.25 and a two-hundred day moving average of $280.88. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The stock has a market cap of $180.74 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.85 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.63 EPS. Analysts predict that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.66%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

About McDonald’s

(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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