FineMark National Bank & Trust Lowers Stock Position in McDonald’s Co. (NYSE:MCD)

FineMark National Bank & Trust cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 44,222 shares of the fast-food giant’s stock after selling 515 shares during the period. FineMark National Bank & Trust’s holdings in McDonald’s were worth $12,820,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the 3rd quarter worth $25,000. Atala Financial Inc purchased a new position in McDonald’s in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s in the fourth quarter worth about $27,000. Collier Financial purchased a new stake in shares of McDonald’s during the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC boosted its holdings in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America boosted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. BMO Capital Markets raised their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Morgan Stanley lowered their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

McDonald’s Stock Up 0.1 %

Shares of MCD stock opened at $305.85 on Tuesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a market cap of $218.52 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business has a 50-day simple moving average of $299.21 and a 200-day simple moving average of $297.65.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,405 shares of company stock worth $9,886,656. Corporate insiders own 0.23% of the company’s stock.

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.