American National Bank Has $1.21 Million Position in McDonald’s Corporation (MCD)

American National Bank increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,925 shares of the fast-food giant’s stock after purchasing an additional 584 shares during the quarter. American National Bank’s holdings in McDonald’s Corporation were worth $1,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First PREMIER Bank lifted its stake in shares of McDonald’s Corporation by 2.3% during the 2nd quarter. First PREMIER Bank now owns 18,470 shares of the fast-food giant’s stock worth $2,829,000 after purchasing an additional 419 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position in McDonald’s Corporation by 100.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,410 shares of the fast-food giant’s stock valued at $216,000 after buying an additional 705 shares in the last quarter. Bath Savings Trust Co increased its position in McDonald’s Corporation by 7.0% during the 2nd quarter. Bath Savings Trust Co now owns 43,966 shares of the fast-food giant’s stock valued at $6,734,000 after buying an additional 2,873 shares in the last quarter. Pensionfund Sabic acquired a new position in McDonald’s Corporation during the 2nd quarter valued at about $3,370,000. Finally, Pensionfund DSM Netherlands acquired a new position in McDonald’s Corporation during the 2nd quarter valued at about $6,739,000. Hedge funds and other institutional investors own 67.96% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded down 0.05% during trading on Friday, hitting $156.92. The stock had a trading volume of 7,425,112 shares. The stock’s 50 day moving average price is $157.61 and its 200 day moving average price is $146.38. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72. The firm has a market cap of $127.10 billion, a P/E ratio of 25.69 and a beta of 0.70.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 EPS. On average, analysts anticipate that McDonald’s Corporation will post $6.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is 61.54%.

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In other news, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total value of $1,861,756.90. Following the sale, the executive vice president now directly owns 11,755 shares in the company, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Several brokerages recently issued reports on MCD. Mizuho reaffirmed a “buy” rating and set a $173.00 target price (up from $170.00) on shares of McDonald’s Corporation in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a research report on Friday, September 8th. Robert W. Baird reaffirmed a “buy” rating and set a $170.00 target price on shares of McDonald’s Corporation in a research report on Friday, September 1st. BidaskClub raised McDonald’s Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a research report on Monday, August 14th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $162.26.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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