Exchange Bank Acquires 50 Shares of McDonald’s Co. (NYSE:MCD)

Exchange Bank raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,657 shares of the fast-food giant’s stock after purchasing an additional 50 shares during the quarter. Exchange Bank’s holdings in McDonald’s were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Roffman Miller Associates Inc. PA lifted its holdings in shares of McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after acquiring an additional 2,546 shares during the last quarter. Shulman DeMeo Asset Management LLC lifted its holdings in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after acquiring an additional 114 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of McDonald’s in the 4th quarter worth about $4,286,000. Strait & Sound Wealth Management LLC bought a new stake in shares of McDonald’s in the 4th quarter worth about $211,000. Finally, First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.2 %

Shares of MCD stock traded down $0.44 during trading hours on Wednesday, hitting $256.94. The company’s stock had a trading volume of 934,214 shares, compared to its average volume of 3,376,410. The company has a 50 day moving average of $264.15 and a 200 day moving average of $279.82. The stock has a market cap of $185.17 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $2.63 earnings per share. As a group, analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. TD Cowen reiterated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 13th. UBS Group cut their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, BMO Capital Markets cut their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction 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 sale, the executive vice president now directly 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 accessible through this link. In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction 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 sale, the executive vice president now directly 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 accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now directly owns 14,780 shares in the company, valued at $3,842,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,095 shares of company stock valued at $1,100,625. Corporate insiders own 0.23% of the company’s stock.

McDonald’s 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.