BankPlus Trust Department Invests $693,000 in McDonald’s Co. (NYSE:MCD)

BankPlus Trust Department purchased a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,391 shares of the fast-food giant’s stock, valued at approximately $693,000.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Clear Creek Financial Management LLC increased its stake in McDonald’s by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after acquiring an additional 35 shares during the last quarter. GDS Wealth Management raised its holdings in shares of McDonald’s by 1.4% during the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after buying an additional 35 shares in the last quarter. Boltwood Capital Management lifted its position in shares of McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after buying an additional 35 shares during the last quarter. LCM Capital Management Inc raised its stake in McDonald’s by 1.3% during the third quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock worth $879,000 after acquiring an additional 36 shares in the last quarter. Finally, Modus Advisors LLC lifted its holdings in shares of McDonald’s by 0.4% in the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock worth $2,724,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MCD shares. Citigroup raised their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Barclays upped their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Wedbush lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Truist Financial decreased their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $304.76 on Monday. The firm’s 50-day simple moving average is $292.61 and its 200 day simple moving average is $294.10. The stock has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,106 shares of company stock worth $6,382,112 in the last 90 days. Insiders own 0.23% of the company’s stock.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.