McDonald’s Co. (NYSE:MCD) Stake Lifted by Oakworth Capital Inc.

Oakworth Capital Inc. lifted its holdings in McDonald’s Co. (NYSE:MCD) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,079 shares of the fast-food giant’s stock after purchasing an additional 100 shares during the quarter. Oakworth Capital Inc.’s holdings in McDonald’s were worth $1,209,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Shulman DeMeo Asset Management LLC increased its position in 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 purchasing an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC lifted its position in shares of McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after buying an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its stake 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 valued at $3,269,000 after buying an additional 301 shares during the period. Mengis Capital Management Inc. increased its stake in shares of McDonald’s by 7.9% in the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after buying an additional 331 shares during the period. Finally, Garden State Investment Advisory Services LLC grew its stake in shares of McDonald’s by 7.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after purchasing an additional 88 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MCD. Stifel Nicolaus cut their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Barclays dropped their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. HSBC started coverage on McDonald’s in a research note on Wednesday, December 20th. They set a “buy” rating and a $317.00 target price on the stock. Finally, Bank of America increased their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Stock Up 1.6 %

NYSE:MCD traded up $4.14 during midday trading on Wednesday, hitting $269.57. The company had a trading volume of 2,119,114 shares, compared to its average volume of 3,228,184. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock’s fifty day moving average price is $284.21 and its 200-day moving average price is $280.76. The company has a market capitalization of $194.36 billion, a PE ratio of 22.94, a P/E/G ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the business posted $2.59 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, research analysts forecast that McDonald’s Co. will post 12.35 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is currently 57.74%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

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.