McDonald’s Co. (NYSE:MCD) Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,836 shares of the fast-food giant’s stock after buying an additional 304 shares during the quarter. Fulton Bank N.A.’s holdings in McDonald’s were worth $2,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Centre Asset Management LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth $2,647,000. Apella Capital LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth $1,515,000. DnB Asset Management AS raised its stake in shares of McDonald’s by 10.8% during the 2nd quarter. DnB Asset Management AS now owns 190,089 shares of the fast-food giant’s stock worth $56,724,000 after buying an additional 18,467 shares during the last quarter. BancFirst Trust & Investment Management raised its stake in shares of McDonald’s by 10.7% during the 2nd quarter. BancFirst Trust & Investment Management now owns 930 shares of the fast-food giant’s stock worth $274,000 after buying an additional 90 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC raised its stake in shares of McDonald’s by 6.4% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 1,134 shares of the fast-food giant’s stock worth $338,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Buying and Selling

In related news, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $282.54, for a total transaction of $194,387.52. Following the transaction, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at approximately $5,656,168.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, EVP Heidi B. Capozzi sold 688 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $282.54, for a total value of $194,387.52. Following the transaction, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at approximately $5,656,168.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $282.02, for a total value of $1,265,423.74. Following the completion of the transaction, the insider now directly owns 10,786 shares in the company, valued at $3,041,867.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,149 shares of company stock valued at $5,257,201. Corporate insiders own 0.27% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $284.84 on Friday. McDonald’s Co. has a 1 year low of $230.58 and a 1 year high of $299.35. The stock has a market capitalization of $207.58 billion, a P/E ratio of 26.20, a PEG ratio of 2.75 and a beta of 0.64. The stock has a 50-day simple moving average of $287.75 and a 200-day simple moving average of $285.82.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, July 27th. The fast-food giant reported $3.17 EPS for the quarter, topping the consensus estimate of $2.77 by $0.40. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.30 billion. McDonald’s had a negative return on equity of 139.57% and a net margin of 33.06%. McDonald’s’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 EPS. Analysts predict that McDonald’s Co. will post 11.49 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, August 31st. McDonald’s’s dividend payout ratio (DPR) is presently 55.93%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MCD shares. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of McDonald’s in a research note on Thursday, July 27th. Morgan Stanley lifted their price objective on McDonald’s from $315.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Tigress Financial lifted their price objective on McDonald’s from $330.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen reiterated an “outperform” rating and set a $326.00 price objective on shares of McDonald’s in a research report on Thursday, July 27th. Finally, Citigroup lifted their price objective on McDonald’s from $308.00 to $317.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $323.17.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.