American National Bank Raises Stock Holdings in McDonald’s Co. (NYSE:MCD)

American National Bank lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,508 shares of the fast-food giant’s stock after purchasing an additional 61 shares during the period. American National Bank’s holdings in McDonald’s were worth $1,047,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in McDonald’s during the 2nd quarter valued at $200,000. Collective Family Office LLC bought a new stake in shares of McDonald’s during the second quarter valued at approximately $204,000. FSM Wealth Advisors LLC grew its stake in McDonald’s by 4.7% in the second quarter. FSM Wealth Advisors LLC now owns 1,440 shares of the fast-food giant’s stock worth $424,000 after purchasing an additional 64 shares during the period. Contravisory Investment Management Inc. raised its holdings in McDonald’s by 878.6% in the second quarter. Contravisory Investment Management Inc. now owns 26,021 shares of the fast-food giant’s stock worth $7,765,000 after purchasing an additional 23,362 shares in the last quarter. Finally, Platform Technology Partners lifted its position in McDonald’s by 1.2% during the second quarter. Platform Technology Partners now owns 7,237 shares of the fast-food giant’s stock valued at $2,133,000 after buying an additional 89 shares during the period. 67.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BTIG Research increased their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Robert W. Baird lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Morgan Stanley increased their price objective on McDonald’s from $315.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. BMO Capital Markets upped their target price on shares of McDonald’s from $325.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Barclays boosted their price objective on shares of McDonald’s from $330.00 to $345.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.17.

McDonald’s Stock Performance

MCD stock opened at $277.71 on Tuesday. McDonald’s Co. has a fifty-two week low of $230.58 and a fifty-two week high of $299.35. The firm has a fifty day moving average price of $287.27 and a 200 day moving average price of $286.22. The firm has a market cap of $202.38 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.40. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.30 billion. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.55 EPS. On average, equities analysts predict that McDonald’s Co. will post 11.49 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were paid a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Thursday, August 31st. McDonald’s’s dividend payout ratio is currently 55.93%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the transaction, the insider now directly owns 11,412 shares in the company, valued at $3,399,292.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Heidi B. Capozzi sold 688 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $282.54, for a total value of $194,387.52. Following the transaction, the executive vice president now owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the sale, the insider now directly owns 11,412 shares of the company’s stock, valued at $3,399,292.44. The disclosure for this sale can be found here. Insiders sold a total of 18,149 shares of company stock worth $5,257,201 in the last quarter. 0.18% of the stock is owned by company insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.