Union Savings Bank Takes Position in McDonald’s Corporation $MCD

Union Savings Bank bought a new position in McDonald’s Corporation (NYSE:MCDFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,254 shares of the fast-food giant’s stock, valued at approximately $1,300,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP acquired a new position in shares of McDonald’s in the 4th quarter valued at $27,000. Park Place Capital Corp lifted its stake in McDonald’s by 95.7% in the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after buying an additional 45 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new position in McDonald’s during the fourth quarter worth approximately $29,000. Abound Financial LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $30,000. Finally, DecisionPoint Financial LLC increased its holdings in shares of McDonald’s by 1,616.7% in the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.1%

Shares of McDonald’s stock opened at $279.00 on Friday. The firm has a market cap of $198.23 billion, a P/E ratio of 23.00, a P/E/G ratio of 2.78 and a beta of 0.41. The stock’s fifty day moving average price is $286.98 and its 200-day moving average price is $305.80. McDonald’s Corporation has a 12 month low of $271.85 and a 12 month high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping the consensus estimate of $2.74 by $0.09. The business had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.67 EPS. Analysts forecast that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. McDonald’s’s dividend payout ratio (DPR) is presently 61.34%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 5,252 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider directly owned 7,734 shares in the company, valued at approximately $2,198,930.88. This trade represents a 40.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares of the company’s stock, valued at $1,744,760.48. This represents a 30.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,307 shares of company stock valued at $3,262,622 in the last ninety days. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Tigress Financial lifted their target price on shares of McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Erste Group Bank downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. BTIG Research restated a “buy” rating and set a $370.00 price objective on shares of McDonald’s in a research report on Thursday, May 7th. Wells Fargo & Company dropped their price objective on shares of McDonald’s from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Morgan Stanley set a $331.00 target price on McDonald’s in a research report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $336.26.

Check Out Our Latest Stock Report on MCD

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McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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