Commerce Bank Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Commerce Bank decreased its position in McDonald’s Co. (NYSE:MCD) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 505,135 shares of the fast-food giant’s stock after selling 5,163 shares during the quarter. McDonald’s comprises about 1.1% of Commerce Bank’s holdings, making the stock its 14th biggest position. Commerce Bank’s holdings in McDonald’s were worth $149,778,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MCD. Independent Wealth Network Inc. lifted its position in McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after purchasing an additional 35 shares during the period. Paragon Capital Management Ltd lifted its holdings in McDonald’s by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after buying an additional 36 shares during the period. Mechanics Financial Corp boosted its stake in McDonald’s by 0.7% in the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after acquiring an additional 36 shares during the last quarter. Unique Wealth LLC grew its holdings in McDonald’s by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after acquiring an additional 38 shares during the period. Finally, Patron Partners LLC raised its position in shares of McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after acquiring an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,997 shares of company stock worth $836,300. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup reduced their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. 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. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Royal Bank of Canada dropped 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, Robert W. Baird lowered their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Stock Performance

McDonald’s stock traded down $6.95 during mid-day trading on Thursday, reaching $258.82. The stock had a trading volume of 3,368,714 shares, compared to its average volume of 3,275,365. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The stock’s 50-day simple moving average is $273.69 and its 200-day simple moving average is $283.52. The firm has a market capitalization of $186.53 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71.

McDonald’s (NYSE:MCD) 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). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the company posted $2.63 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.58%. McDonald’s’s payout ratio is 56.71%.

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.