McDonald’s Corporation $MCD Stock Holdings Raised by Farmers National Bank

Farmers National Bank boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,854 shares of the fast-food giant’s stock after acquiring an additional 3,357 shares during the quarter. McDonald’s accounts for 2.1% of Farmers National Bank’s portfolio, making the stock its 10th biggest holding. Farmers National Bank’s holdings in McDonald’s were worth $8,768,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MCD. Evergreen Private Wealth LLC lifted its position in shares of McDonald’s by 162.5% during the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after purchasing an additional 52 shares during the last quarter. Traub Capital Management LLC bought a new position in shares of McDonald’s in the second quarter worth about $29,000. Painted Porch Advisors LLC increased its stake in McDonald’s by 735.7% in the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after buying an additional 103 shares during the period. Davis Capital Management purchased a new position in McDonald’s in the 3rd quarter worth about $37,000. Finally, Saranac Partners Ltd bought a new stake in McDonald’s during the 3rd quarter valued at about $37,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jonathan Banner sold 6,201 shares of McDonald’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total value of $2,066,731.29. Following the transaction, the executive vice president directly owned 2,291 shares in the company, valued at approximately $763,567.39. This trade represents a 73.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 26,276 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $333.54, for a total value of $8,764,097.04. Following the completion of the transaction, the chief executive officer directly owned 22,900 shares of the company’s stock, valued at approximately $7,638,066. The trade was a 53.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,657 shares of company stock worth $23,722,204 over the last quarter. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MCD shares. Truist Financial boosted their price objective on shares of McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. KeyCorp lifted their price target on shares of McDonald’s from $340.00 to $354.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group boosted their price target on McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Wells Fargo & Company increased their price objective on McDonald’s from $345.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Piper Sandler raised their price objective on McDonald’s from $323.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, McDonald’s presently has an average rating of “Hold” and a consensus price target of $339.69.

McDonald’s Stock Performance

NYSE:MCD opened at $315.70 on Thursday. McDonald’s Corporation has a one year low of $283.47 and a one year high of $341.75. The firm has a market cap of $224.27 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.90 and a beta of 0.51. The firm has a 50-day simple moving average of $321.53 and a 200-day simple moving average of $311.73.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.26%.

McDonald’s 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.