Bell Bank Has $3.37 Million Holdings in McDonald’s Corporation $MCD

Bell Bank lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 36.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,021 shares of the fast-food giant’s stock after selling 6,445 shares during the period. Bell Bank’s holdings in McDonald’s were worth $3,368,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MCD. Mechanics Bank Trust Department grew its position in McDonald’s by 5.4% in the fourth quarter. Mechanics Bank Trust Department now owns 27,632 shares of the fast-food giant’s stock valued at $8,445,000 after purchasing an additional 1,420 shares in the last quarter. Fairvoy Private Wealth LLC increased its stake in McDonald’s by 1.1% in the 4th quarter. Fairvoy Private Wealth LLC now owns 11,482 shares of the fast-food giant’s stock valued at $3,509,000 after buying an additional 125 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in McDonald’s by 9.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,130 shares of the fast-food giant’s stock worth $3,402,000 after buying an additional 933 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. lifted its position in McDonald’s by 6.6% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 28,978 shares of the fast-food giant’s stock worth $8,857,000 after buying an additional 1,782 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of McDonald’s by 11.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 17,306 shares of the fast-food giant’s stock worth $5,289,000 after buying an additional 1,758 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 2,626 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $328.34, for a total value of $862,220.84. Following the transaction, the insider owned 8,733 shares of the company’s stock, valued at approximately $2,867,393.22. This represents a 23.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 4,692 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $331.00, for a total value of $1,553,052.00. Following the transaction, the chief marketing officer owned 6,200 shares in the company, valued at approximately $2,052,200. This trade represents a 43.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 71,657 shares of company stock worth $23,722,204. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $306.23 on Friday. The firm has a market capitalization of $217.55 billion, a PE ratio of 25.63, a PEG ratio of 2.72 and a beta of 0.51. The company’s 50-day moving average is $321.65 and its 200-day moving average is $311.45. McDonald’s Corporation has a fifty-two week low of $283.47 and a fifty-two week high of $341.75.

McDonald’s (NYSE:MCD) last announced 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 net margin of 31.85% and a negative return on equity of 343.90%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the firm posted $2.83 EPS. McDonald’s’s revenue was up 9.7% compared to the same quarter last year. Analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were given a dividend of $1.86 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is 62.26%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MCD. Sanford C. Bernstein restated a “market perform” rating and issued a $340.00 price objective on shares of McDonald’s in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Guggenheim decreased their price target on McDonald’s from $325.00 to $320.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. BTIG Research raised their price target on McDonald’s from $360.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Robert W. Baird set a $335.00 price target on McDonald’s in a research report on Thursday, February 12th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $339.69.

Trending Headlines about McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: KPop Demon Hunters promotion could drive significant near-term sales and traffic — some outlets estimate a large, rapid revenue boost from the campaign. How ‘KPop Demon Hunters’ meals could make McDonald’s $100M in just a few days
• Positive Sentiment: Company is leveraging pop-culture partnerships with two new adult Happy Meals and five menu items — a proven traffic driver for McDonald’s. McDonald’s unveils 2 new adult Happy Meals, 5 menu items
• Positive Sentiment: Some investors/strategists continue to prefer MCD for defensive, cash-generating exposure versus higher-growth names, supporting buy-side interest. Why this portfolio manager prefers McDonald’s stock over Nvidia
• Neutral Sentiment: Consensus analyst rating is “Hold” (mix of buy/hold/sell), indicating no broad upgrade momentum from the sell-side. McDonald’s Corporation (NYSE:MCD) Given Consensus Rating of “Hold” by Analysts
• Neutral Sentiment: Technical note: some analysts/market watchers flag MCD as oversold on short-term indicators, which can prompt bargain-hunting but also signals recent selling pressure. 4 Consumer Favorites Look Oversold Right Now: Disney, McDonald’s and More
• Negative Sentiment: Not all publicity is positive — at least one ad tied to the promotion drew fan criticism, which could temper engagement or spark short-term negative PR. KPop Demon Hunters McDonald’s ad isn’t for all the fans

McDonald’s Company Profile

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.