Berkshire Bank Has $3.09 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Berkshire Bank decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 0.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,353 shares of the fast-food giant’s stock after selling 74 shares during the quarter. Berkshire Bank’s holdings in McDonald’s were worth $3,089,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after buying an additional 19,217,818 shares in the last quarter. Geode Capital Management LLC lifted its holdings in McDonald’s by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 13,909,126 shares of the fast-food giant’s stock worth $3,881,441,000 after buying an additional 206,651 shares in the last quarter. Norges Bank acquired a new position in McDonald’s during the 4th quarter worth $2,341,360,000. Price T Rowe Associates Inc. MD raised its position in shares of McDonald’s by 9.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,651,215 shares of the fast-food giant’s stock valued at $2,279,854,000 after acquiring an additional 782,066 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of McDonald’s by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,229,506 shares of the fast-food giant’s stock valued at $1,360,569,000 after acquiring an additional 45,702 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $297.87, for a total transaction of $1,336,542.69. Following the completion of the transaction, the insider now directly owns 11,412 shares in the company, valued at approximately $3,399,292.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $297.87, for a total transaction of $1,336,542.69. Following the completion of the transaction, the insider now directly owns 11,412 shares in the company, valued at approximately $3,399,292.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Heidi B. Capozzi sold 688 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $282.54, for a total transaction of $194,387.52. Following the completion of the sale, the executive vice president now owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The disclosure for this sale can be found here. Insiders sold a total of 18,149 shares of company stock worth $5,257,201 in the last three months. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets upped their target price on shares of McDonald’s from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. StockNews.com assumed coverage on shares of McDonald’s in a research report on Thursday, August 17th. They set a “buy” rating for the company. Tigress Financial upped their target price on shares of McDonald’s from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Citigroup upped their target price on shares of McDonald’s from $308.00 to $317.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Finally, TD Cowen reiterated an “outperform” rating and set a $326.00 target price on shares of McDonald’s in a research report on Thursday, July 27th. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.17.

McDonald’s Trading Down 0.2 %

Shares of NYSE MCD opened at $277.71 on Tuesday. The firm has a market cap of $202.38 billion, a PE ratio of 25.55, a PEG ratio of 2.71 and a beta of 0.64. McDonald’s Co. has a 1-year low of $230.58 and a 1-year high of $299.35. The company has a fifty day moving average price of $287.27 and a 200 day moving average price of $286.22.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, September 1st were paid a dividend of $1.52 per share. The ex-dividend date was Thursday, August 31st. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.19%. McDonald’s’s dividend payout ratio is 55.93%.

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.