Central Pacific Bank Trust Division Buys 2,032 Shares of McDonald’s Corporation $MCD

Central Pacific Bank Trust Division raised its position in McDonald’s Corporation (NYSE:MCDFree Report) by 72.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,854 shares of the fast-food giant’s stock after buying an additional 2,032 shares during the period. Central Pacific Bank Trust Division’s holdings in McDonald’s were worth $1,484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Evergreen Private Wealth LLC increased its position in McDonald’s by 162.5% in 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 period. Traub Capital Management LLC bought a new stake in McDonald’s during the 2nd quarter worth about $29,000. Painted Porch Advisors LLC lifted its position in McDonald’s by 735.7% during the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock valued at $36,000 after purchasing an additional 103 shares during the period. Davis Capital Management bought a new position in shares of McDonald’s in the 3rd quarter valued at about $37,000. Finally, Saranac Partners Ltd bought a new position in shares of McDonald’s in the 3rd quarter valued at about $37,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 4,692 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $331.00, for a total transaction of $1,553,052.00. Following the completion of the sale, the chief marketing officer owned 6,200 shares of the company’s stock, valued at $2,052,200. This represents a 43.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jonathan Banner sold 6,201 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the sale, the executive vice president directly owned 2,291 shares of the company’s stock, valued at approximately $763,567.39. This trade represents a 73.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 71,657 shares of company stock worth $23,722,204. 0.25% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.1%

Shares of MCD opened at $309.42 on Friday. The company’s fifty day simple moving average is $321.59 and its 200 day simple moving average is $311.69. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $341.75. The company has a market cap of $219.81 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.75 and a beta of 0.51.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, topping the consensus estimate of $3.05 by $0.07. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the company posted $2.83 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were issued a $1.86 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s payout ratio is currently 62.26%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCD. BTIG Research lifted their target price on shares of McDonald’s from $360.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. KeyCorp increased their price target on McDonald’s from $340.00 to $354.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Robert W. Baird set a $335.00 price target on McDonald’s in a research report on Thursday, February 12th. UBS Group lifted their price objective on McDonald’s from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Oppenheimer raised McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 target price on the stock in a research note on Tuesday, January 6th. Seventeen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $339.69.

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McDonald’s Company Profile

(Free Report)

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.

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

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