Piscataqua Savings Bank Sells 57 Shares of McDonald’s Co. (NYSE:MCD)

Piscataqua Savings Bank lessened its position in McDonald’s Co. (NYSE:MCDFree Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,422 shares of the fast-food giant’s stock after selling 57 shares during the period. Piscataqua Savings Bank’s holdings in McDonald’s were worth $1,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Wealth Network Inc. lifted its position in shares of McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after acquiring an additional 35 shares during the period. Paragon Capital Management Ltd raised its holdings in McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after buying an additional 36 shares during the last quarter. Proquility Private Wealth Partners LLC raised its holdings in McDonald’s by 1.0% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 3,737 shares of the fast-food giant’s stock worth $985,000 after buying an additional 38 shares during the last quarter. Unique Wealth LLC raised its holdings in McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after buying an additional 38 shares during the last quarter. Finally, Patron Partners LLC raised its holdings in McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after buying an additional 38 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the 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 transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

McDonald’s Trading Down 0.6 %

Shares of McDonald’s stock opened at $280.22 on Tuesday. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market cap of $202.33 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 3.04 and a beta of 0.71. The company’s 50-day moving average price is $290.02 and its 200-day moving average price is $280.95.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 earnings per share. On average, sell-side analysts predict that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently announced 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 2.38%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Analysts Set New Price Targets

MCD has been the topic of several research reports. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Stephens reiterated an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a research note on Monday, February 5th. Bank of America upped their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $320.60.

View Our Latest Report on MCD

McDonald’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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