Intrust Bank NA Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Intrust Bank NA lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,178 shares of the fast-food giant’s stock after purchasing an additional 343 shares during the period. Intrust Bank NA’s holdings in McDonald’s were worth $2,371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCD. United Bank increased its position in McDonald’s by 3.5% during the third quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after purchasing an additional 218 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of McDonald’s by 7.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,053 shares of the fast-food giant’s stock worth $321,000 after buying an additional 71 shares during the last quarter. Cynosure Group LLC purchased a new stake in shares of McDonald’s during the 3rd quarter valued at approximately $216,000. Public Sector Pension Investment Board grew its position in McDonald’s by 11.6% in the third quarter. Public Sector Pension Investment Board now owns 30,844 shares of the fast-food giant’s stock worth $9,392,000 after acquiring an additional 3,200 shares during the period. Finally, Vinva Investment Management Ltd increased its stake in McDonald’s by 28.7% during the third quarter. Vinva Investment Management Ltd now owns 13,773 shares of the fast-food giant’s stock worth $4,183,000 after acquiring an additional 3,074 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $306.95 on Friday. The company has a fifty day moving average of $301.52 and a two-hundred day moving average of $298.10. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The company has a market capitalization of $219.31 billion, a PE ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.31%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’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 completion of the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Bank of America upped their price target on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Citigroup lifted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Wedbush upped their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Truist Financial dropped their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.61.

About McDonald’s

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.