Field & Main Bank Has $2.33 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Field & Main Bank increased its position in McDonald’s Co. (NYSE:MCD) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,841 shares of the fast-food giant’s stock after buying an additional 75 shares during the period. Field & Main Bank’s holdings in McDonald’s were worth $2,325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC lifted its stake in shares of McDonald’s by 0.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 51,807 shares of the fast-food giant’s stock valued at $15,361,000 after buying an additional 284 shares in the last quarter. Amica Mutual Insurance Co. grew its holdings in McDonald’s by 97.0% during the fourth quarter. Amica Mutual Insurance Co. now owns 26,964 shares of the fast-food giant’s stock worth $7,995,000 after buying an additional 13,279 shares in the last quarter. Ledyard National Bank lifted its stake in McDonald’s by 20.9% during the 4th quarter. Ledyard National Bank now owns 4,562 shares of the fast-food giant’s stock valued at $1,353,000 after acquiring an additional 789 shares in the last quarter. Steele Capital Management Inc. purchased a new position in McDonald’s during the 4th quarter worth $733,000. Finally, Fernwood Investment Management LLC raised its holdings in shares of McDonald’s by 2.9% in the fourth quarter. Fernwood Investment Management LLC now owns 6,342 shares of the fast-food giant’s stock valued at $1,880,000 after purchasing an additional 176 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

NYSE MCD traded up $0.48 on Monday, hitting $273.57. 3,184,201 shares of the stock were exchanged, compared to its average volume of 3,269,845. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The firm has a market capitalization of $197.25 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.98 and a beta of 0.71. The stock has a fifty day moving average price of $281.31 and a two-hundred day moving average price of $282.15.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.59 earnings per share. Sell-side analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.44%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada cut their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Bank of America upped their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Truist Financial reduced their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Finally, Stephens restated an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $318.41.

Insider Transactions at McDonald’s

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

About McDonald’s

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.