McDonald’s Co. (NYSE:MCD) is Physicians Financial Services Inc.’s 8th Largest Position

Physicians Financial Services Inc. lifted its stake in McDonald’s Co. (NYSE:MCD) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,834 shares of the fast-food giant’s stock after purchasing an additional 94 shares during the quarter. McDonald’s comprises about 2.3% of Physicians Financial Services Inc.’s portfolio, making the stock its 8th largest holding. Physicians Financial Services Inc.’s holdings in McDonald’s were worth $5,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. KB Financial Partners LLC acquired a new stake in shares of McDonald’s during the first quarter worth about $571,000. Pacific Center for Financial Services acquired a new stake in shares of McDonald’s during the first quarter worth about $105,000. MidWestOne Financial Group Inc. lifted its holdings in shares of McDonald’s by 6.6% during the first quarter. MidWestOne Financial Group Inc. now owns 3,283 shares of the fast-food giant’s stock worth $918,000 after purchasing an additional 204 shares during the period. Waverly Advisors LLC raised its holdings in shares of McDonald’s by 3.8% during the first quarter. Waverly Advisors LLC now owns 4,009 shares of the fast-food giant’s stock worth $1,121,000 after purchasing an additional 146 shares during the last quarter. Finally, Blue Edge Capital LLC raised its holdings in shares of McDonald’s by 204.9% during the first quarter. Blue Edge Capital LLC now owns 2,820 shares of the fast-food giant’s stock worth $788,000 after purchasing an additional 1,895 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $285.00, for a total transaction of $285,000.00. Following the completion of the sale, the chief marketing officer now directly owns 929 shares of the company’s stock, valued at approximately $264,765. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $285.00, for a total transaction of $285,000.00. Following the completion of the sale, the chief marketing officer now directly owns 929 shares of the company’s stock, valued at approximately $264,765. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the sale, the insider now directly owns 11,412 shares of the company’s stock, valued at $3,399,292.44. The disclosure for this sale can be found here. Insiders sold a total of 18,149 shares of company stock worth $5,257,201 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of McDonald’s from $315.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. Jefferies Financial Group raised their target price on McDonald’s from $330.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. BTIG Research raised their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Robert W. Baird raised their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Loop Capital increased their price target on shares of McDonald’s from $346.00 to $383.00 in a report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $322.33.

McDonald’s Price Performance

McDonald’s stock opened at $280.73 on Wednesday. The stock’s fifty day moving average is $288.05 and its two-hundred day moving average is $285.84. The stock has a market cap of $204.59 billion, a PE ratio of 25.83, a P/E/G ratio of 2.71 and a beta of 0.64. McDonald’s Co. has a 1-year low of $230.58 and a 1-year high of $299.35.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.40. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.30 billion. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.55 earnings per share. On average, research analysts expect that McDonald’s Co. will post 11.49 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be paid a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, August 31st. McDonald’s’s dividend payout ratio is currently 55.93%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.