7,554 Shares in McDonald’s Co. (NYSE:MCD) Acquired by CoreFirst Bank & Trust

CoreFirst Bank & Trust bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,554 shares of the fast-food giant’s stock, valued at approximately $2,190,000. McDonald’s makes up 1.3% of CoreFirst Bank & Trust’s portfolio, making the stock its 23rd largest position.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $25,000. Atala Financial Inc bought a new stake in shares of McDonald’s during the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s in the fourth quarter valued at $27,000. Collier Financial purchased a new stake in McDonald’s during the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at about $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,405 shares of company stock valued at $9,886,656. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley cut their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. KeyCorp lifted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Citigroup lifted their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler decreased their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.39.

McDonald’s Stock Down 0.6 %

NYSE MCD opened at $305.07 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm has a market cap of $217.96 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business has a 50-day moving average price of $298.75 and a 200-day moving average price of $297.53.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.