Peoples Bank KS Decreases Holdings in McDonald’s Corporation $MCD

Peoples Bank KS decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 46.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,913 shares of the fast-food giant’s stock after selling 5,185 shares during the period. McDonald’s accounts for approximately 1.8% of Peoples Bank KS’s holdings, making the stock its 14th biggest holding. Peoples Bank KS’s holdings in McDonald’s were worth $1,797,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s in the 1st quarter valued at approximately $26,000. HFM Investment Advisors LLC purchased a new stake in McDonald’s during the 1st quarter valued at $26,000. Decker Retirement Planning Inc. lifted its position in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the second quarter worth $25,000. Finally, GFG Capital LLC bought a new position in McDonald’s during the second quarter valued at $29,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MCD. Guggenheim raised their target price on shares of McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a research note on Friday, October 17th. Truist Financial cut their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Finally, Mizuho upgraded McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Eleven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $324.57.

McDonald’s Stock Performance

McDonald’s stock opened at $318.68 on Thursday. The company has a market capitalization of $226.95 billion, a PE ratio of 27.19, a P/E/G ratio of 3.49 and a beta of 0.52. The company has a 50 day moving average price of $306.29 and a 200-day moving average price of $303.80. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $3.23 EPS. On average, analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, December 1st. McDonald’s’s payout ratio is 63.48%.

Insider Activity at McDonald’s

In related news, CFO Ian Frederick Borden sold 17,134 shares of McDonald’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the sale, the chief financial officer directly owned 26,353 shares in the company, valued at $8,169,430. The trade was a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 40,030 shares of company stock worth $12,240,570 over the last three months. 0.25% of the stock is owned by corporate insiders.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.