McDonald's Co. (NYSE:MCD) Stake Raised by Citizens Business Bank

Citizens Business Bank lifted its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,607 shares of the fast-food giant's stock after purchasing an additional 1,441 shares during the quarter. Citizens Business Bank's holdings in McDonald's were worth $3,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Diversified Trust Co increased its holdings in shares of McDonald's by 4.4% in the 4th quarter. Diversified Trust Co now owns 8,433 shares of the fast-food giant's stock valued at $2,445,000 after acquiring an additional 355 shares during the last quarter. Innova Wealth Partners purchased a new position in shares of McDonald's in the 4th quarter valued at about $242,000. InvesTrust purchased a new position in shares of McDonald's in the 4th quarter valued at about $8,015,000. Douglas Lane & Associates LLC increased its holdings in shares of McDonald's by 23.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,359 shares of the fast-food giant's stock valued at $684,000 after acquiring an additional 447 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in shares of McDonald's by 1.7% in the 4th quarter. First Hawaiian Bank now owns 11,191 shares of the fast-food giant's stock valued at $3,244,000 after acquiring an additional 184 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. The trade was a 24.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock worth $8,676,247 in the last ninety days. 0.25% of the stock is owned by insiders.

McDonald's Trading Down 0.5%

Shares of NYSE MCD traded down $1.71 on Monday, reaching $311.97. 4,136,860 shares of the company traded hands, compared to its average volume of 3,558,839. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a 50 day moving average of $310.10 and a 200 day moving average of $300.11. The stock has a market capitalization of $223.08 billion, a PE ratio of 27.39, a P/E/G ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the company earned $2.70 earnings per share. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCD. Piper Sandler raised their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. TD Securities restated a "hold" rating and set a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Truist Financial set a $350.00 price target on McDonald's in a research note on Friday, May 2nd. Finally, BMO Capital Markets restated an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $325.91.

McDonald's 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.