McDonald’s Corporation $MCD is Farmers National Bank’s 10th Largest Position

Farmers National Bank raised its position in McDonald’s Corporation (NYSE:MCD) by 13.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 28,854 shares of the fast-food giant’s stock after acquiring an additional 3,357 shares during the quarter. McDonald’s makes up approximately 2.1% of Farmers National Bank’s portfolio, making the stock its 10th biggest position. Farmers National Bank’s holdings in McDonald’s were worth $8,768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,647,669 shares of the fast-food giant’s stock valued at $21,773,010,000 after purchasing an additional 316,638 shares during the last quarter. State Street Corp grew its stake in McDonald’s by 0.6% during the 3rd quarter. State Street Corp now owns 35,024,857 shares of the fast-food giant’s stock worth $10,643,704,000 after buying an additional 196,505 shares during the last quarter. Norges Bank purchased a new position in McDonald’s during the 2nd quarter worth $2,780,712,000. Laurel Wealth Advisors LLC increased its position in McDonald’s by 29,382.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock valued at $1,676,339,000 after buying an additional 5,718,087 shares in the last quarter. Finally, Soundwatch Capital LLC purchased a new stake in McDonald’s in the second quarter valued at about $1,412,069,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on MCD. Wells Fargo & Company raised their price target on McDonald’s from $345.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $340.00 price objective on shares of McDonald’s in a research report on Thursday, February 12th. BTIG Research lifted their target price on shares of McDonald’s from $360.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $320.00 price target on shares of McDonald’s in a report on Thursday, February 12th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, McDonald’s currently has an average rating of “Hold” and a consensus price target of $339.69.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 2,626 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $325.25, for a total transaction of $854,106.50. Following the sale, the insider directly owned 5,398 shares of the company’s stock, valued at approximately $1,755,699.50. This trade represents a 32.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 6,201 shares of McDonald’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $333.29, for a total value of $2,066,731.29. Following the transaction, the executive vice president owned 2,291 shares of the company’s stock, valued at $763,567.39. The trade was a 73.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 71,657 shares of company stock worth $23,722,204. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Down 3.2%

McDonald’s stock opened at $315.70 on Thursday. The stock has a 50-day moving average price of $321.53 and a 200 day moving average price of $311.73. The company has a market capitalization of $224.27 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 2.90 and a beta of 0.51. McDonald’s Corporation has a 52 week low of $283.47 and a 52 week high of $341.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the company earned $2.83 EPS. McDonald’s’s quarterly revenue was up 9.7% on a year-over-year basis. Research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were paid a $1.86 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is presently 62.26%.

McDonald’s Company Profile

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.