Parkside Financial Bank & Trust Acquires 248 Shares of McDonald’s Co. (NYSE:MCD)

Parkside Financial Bank & Trust grew its holdings in McDonald’s Co. (NYSE:MCD) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,808 shares of the fast-food giant’s stock after purchasing an additional 248 shares during the period. Parkside Financial Bank & Trust’s holdings in McDonald’s were worth $1,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MCD. Douglas Lane & Associates LLC grew its position in McDonald’s by 3.8% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,129 shares of the fast-food giant’s stock worth $561,000 after acquiring an additional 78 shares during the last quarter. Traynor Capital Management Inc. grew its position in McDonald’s by 1.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 5,002 shares of the fast-food giant’s stock worth $1,318,000 after acquiring an additional 59 shares during the last quarter. Guidance Capital Inc. grew its position in McDonald’s by 2.5% during the 3rd quarter. Guidance Capital Inc. now owns 2,421 shares of the fast-food giant’s stock worth $616,000 after acquiring an additional 60 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its position in McDonald’s by 14.1% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,067 shares of the fast-food giant’s stock worth $281,000 after acquiring an additional 132 shares during the last quarter. Finally, Montecito Bank & Trust grew its position in shares of McDonald’s by 4.3% in the 3rd quarter. Montecito Bank & Trust now owns 6,646 shares of the fast-food giant’s stock valued at $1,751,000 after buying an additional 277 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD traded down $2.49 during trading on Wednesday, hitting $274.39. 499,881 shares of the company were exchanged, compared to its average volume of 3,208,687. The company has a market cap of $197.84 billion, a PE ratio of 23.80, a P/E/G ratio of 3.03 and a beta of 0.71. The stock has a 50 day moving average of $282.61 and a 200 day moving average of $281.45. McDonald’s Co. has a 52-week low of $245.73 and a 52-week 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, topping the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.59 earnings per share. Sell-side analysts forecast that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 annualized dividend and a dividend yield of 2.43%. McDonald’s’s dividend payout ratio is currently 57.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MCD. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Stephens reiterated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research report on Monday, February 5th. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Finally, TD Cowen reiterated a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $319.72.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the 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 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 this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s Company 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.