Community Bank N.A. Sells 110 Shares of McDonald’s Co. (NYSE:MCD)

Community Bank N.A. reduced its stake in McDonald’s Co. (NYSE:MCD) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,305 shares of the fast-food giant’s stock after selling 110 shares during the period. Community Bank N.A.’s holdings in McDonald’s were worth $4,356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the third quarter worth $31,000. Kings Path Partners LLC bought a new position in McDonald’s in the 2nd quarter valued at about $38,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $58,000. Finally, Opal Wealth Advisors LLC bought a new position in McDonald’s in the second quarter valued at approximately $59,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MCD shares. The Goldman Sachs Group raised their target price on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Loop Capital reiterated a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. UBS Group increased their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Truist Financial lowered their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $319.64.

McDonald’s Stock Up 0.3 %

McDonald’s stock opened at $296.01 on Monday. The company has a market capitalization of $212.13 billion, a PE ratio of 25.99, a PEG ratio of 3.94 and a beta of 0.74. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm’s fifty day moving average is $299.96 and its 200 day moving average is $279.04.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.39%. McDonald’s’s payout ratio is currently 62.16%.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. This represents a 48.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,597 shares of company stock valued at $10,702,754 over the last ninety days. 0.23% of the stock is owned by company insiders.

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.