McDonald’s Co. (NYSE:MCD) Shares Bought by Bank of New Hampshire

Bank of New Hampshire lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,339 shares of the fast-food giant’s stock after acquiring an additional 300 shares during the quarter. Bank of New Hampshire’s holdings in McDonald’s were worth $2,176,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after buying an additional 262,147 shares during the period. Northern Trust Corp boosted its position in shares of McDonald’s by 1.7% in the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after purchasing an additional 151,161 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of McDonald’s by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after purchasing an additional 237,532 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in McDonald’s by 4.5% during the third quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock valued at $1,209,171,000 after buying an additional 199,657 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of McDonald’s by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock worth $1,159,877,000 after purchasing an additional 26,147 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.3 %

Shares of NYSE:MCD traded down $0.84 during midday trading on Friday, hitting $274.76. 2,029,354 shares of the stock were exchanged, compared to its average volume of 3,250,887. The company has a 50 day moving average price of $282.06 and a 200-day moving average price of $281.37. The stock has a market cap of $198.10 billion, a P/E ratio of 23.75, a PEG ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.59 earnings per share. On average, equities research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.43%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MCD. Royal Bank of Canada cut their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Truist Financial lowered their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Wedbush cut their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley dropped their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $318.69.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.