McDonald’s Co. (NYSE:MCD) Shares Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,456 shares of the fast-food giant’s stock after acquiring an additional 361 shares during the period. Penobscot Investment Management Company Inc.’s holdings in McDonald’s were worth $3,990,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Independent Wealth Network Inc. grew its holdings in McDonald’s by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after buying an additional 35 shares during the last quarter. Paragon Capital Management Ltd grew its holdings in McDonald’s by 2.7% in the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after buying an additional 36 shares during the last quarter. Unique Wealth LLC grew its holdings in McDonald’s by 1.2% in the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after buying an additional 38 shares during the last quarter. Patron Partners LLC grew its holdings in McDonald’s by 0.7% in the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after buying an additional 38 shares during the last quarter. Finally, Wagner Wealth Management LLC grew its holdings in McDonald’s by 4.4% in the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after buying an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Down 0.2 %

MCD traded down $0.42 during trading on Tuesday, hitting $273.13. The company’s stock had a trading volume of 3,891,854 shares, compared to its average volume of 3,276,508. The firm’s 50 day moving average price is $281.31 and its two-hundred day moving average price is $282.15. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market capitalization of $196.93 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $2.63 earnings per share. On average, sell-side analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCD. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Wedbush reduced their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $315.00 price objective on shares of McDonald’s in a research report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $318.41.

McDonald’s 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.