Farmers National Bank Has $6.60 Million Stake in McDonald’s Co. (NYSE:MCD)

Farmers National Bank raised its position in McDonald’s Co. (NYSE:MCD) by 0.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,907 shares of the fast-food giant’s stock after acquiring an additional 36 shares during the period. McDonald’s comprises 2.0% of Farmers National Bank’s portfolio, making the stock its 10th biggest position. Farmers National Bank’s holdings in McDonald’s were worth $6,602,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of McDonald’s in the first quarter worth $28,000. Kings Path Partners LLC bought a new stake in McDonald’s during the 2nd quarter worth about $38,000. Accent Capital Management LLC acquired a new position in shares of McDonald’s during the 4th quarter worth about $44,000. Transcendent Capital Group LLC bought a new position in shares of McDonald’s in the 4th quarter valued at about $45,000. Finally, Keener Financial Planning LLC increased its position in shares of McDonald’s by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.5 %

Shares of NYSE:MCD opened at $302.98 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $306.96. The company’s 50 day moving average price is $283.58 and its two-hundred day moving average price is $271.26. The firm has a market cap of $218.35 billion, a PE ratio of 25.72, a PEG ratio of 3.99 and a beta of 0.72.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.17 EPS. On average, research analysts expect that McDonald’s Co. will post 11.69 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Guggenheim raised their target price on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. KeyCorp cut their price target on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Finally, Robert W. Baird boosted their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $308.22.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Ian Frederick Borden sold 5,939 shares of McDonald’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.04, for a total value of $1,781,937.56. Following the transaction, the chief financial officer now owns 20,403 shares in the company, valued at approximately $6,121,716.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the sale, the chief executive officer now owns 43,256 shares of the company’s stock, valued at $13,193,080. The disclosure for this sale can be found here. Insiders sold a total of 31,751 shares of company stock valued at $9,493,973 over the last quarter. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company 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.