Parkside Financial Bank & Trust Purchases 69 Shares of McDonald’s Co. (NYSE:MCD)

Parkside Financial Bank & Trust lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,778 shares of the fast-food giant’s stock after purchasing an additional 69 shares during the period. Parkside Financial Bank & Trust’s holdings in McDonald’s were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of McDonald’s by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after acquiring an additional 220,365 shares during the period. Wellington Management Group LLP lifted its stake in shares of McDonald’s by 0.9% in the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after acquiring an additional 128,800 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of McDonald’s by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock worth $1,682,473,000 after acquiring an additional 52,195 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of McDonald’s by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock worth $841,966,000 after acquiring an additional 19,867 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America lifted their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp lifted their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Wedbush boosted their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler dropped their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Up 1.8 %

Shares of McDonald’s stock opened at $309.88 on Friday. The stock has a fifty day simple moving average of $293.75 and a 200 day simple moving average of $294.82. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market capitalization of $222.07 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,504 shares of company stock worth $9,897,305. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.