American National Bank raised its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 3.6% in the first quarter, HoldingsChannel reports. The firm owned 7,040 shares of the fast-food giant’s stock after purchasing an additional 242 shares during the period. American National Bank’s holdings in Mcdonald’s were worth $1,337,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Ruggie Capital Group increased its position in shares of Mcdonald’s by 3,020.0% during the fourth quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 151 shares in the last quarter. Gantzert Investment Co. LLC ADV bought a new stake in shares of Mcdonald’s during the fourth quarter valued at approximately $31,000. Aspire Private Capital LLC bought a new stake in shares of Mcdonald’s during the fourth quarter valued at approximately $32,000. Focused Wealth Management Inc boosted its holdings in Mcdonald’s by 4,500.0% in the fourth quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after purchasing an additional 180 shares during the last quarter. Finally, Canton Hathaway LLC purchased a new stake in Mcdonald’s in the first quarter worth approximately $35,000. 68.11% of the stock is owned by institutional investors and hedge funds.
Shares of Mcdonald’s stock opened at $198.97 on Friday. The firm has a market cap of $152.59 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. Mcdonald’s Corp has a 1-year low of $153.13 and a 1-year high of $201.15.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.33%. Mcdonald’s’s dividend payout ratio is presently 58.73%.
In related news, CFO Kevin M. Ozan sold 40,930 shares of Mcdonald’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the transaction, the chief financial officer now owns 42,647 shares in the company, valued at approximately $8,354,547.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ian Frederick Borden sold 4,149 shares of Mcdonald’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total transaction of $826,563.78. The disclosure for this sale can be found here. Insiders have sold a total of 104,449 shares of company stock worth $20,458,931 in the last quarter. Corporate insiders own 0.25% of the company’s stock.
Several equities research analysts recently issued reports on MCD shares. Royal Bank of Canada restated a “buy” rating and issued a $205.00 target price on shares of Mcdonald’s in a report on Wednesday, January 30th. Stephens upgraded shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $180.00 to $200.00 in a report on Tuesday, February 19th. Wells Fargo & Co raised their target price on shares of Mcdonald’s from $203.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Barclays raised their target price on shares of Mcdonald’s from $208.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Mizuho raised their target price on shares of Mcdonald’s from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $202.39.
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Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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