Ames National Corp purchased a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 4,344 shares of the fast-food giant's stock, valued at approximately $1,174,000. McDonald's comprises about 0.6% of Ames National Corp's portfolio, making the stock its 24th largest position.
A number of other large investors also recently made changes to their positions in the business. Your Advocates Ltd. LLP purchased a new stake in McDonald's in the 4th quarter valued at about $27,000. IFC & Insurance Marketing Inc. purchased a new position in shares of McDonald's during the 4th quarter worth about $29,000. Abound Financial LLC acquired a new stake in shares of McDonald's in the fourth quarter worth approximately $30,000. Purpose Unlimited Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth approximately $31,000. Finally, Entrust Financial LLC acquired a new stake in shares of McDonald's in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.
McDonald's Trading Up 0.6%
NYSE:MCD opened at $272.53 on Tuesday. The firm has a market capitalization of $192.85 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 3.04 and a beta of 0.41. The firm's fifty day simple moving average is $272.08 and its 200 day simple moving average is $293.16. McDonald's Corporation has a twelve month low of $260.96 and a twelve month high of $341.75.
McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping analysts' consensus estimates of $3.32 by $0.06. The firm had revenue of $7.10 billion during the quarter, compared to analysts' expectations of $7.13 billion. McDonald's had a net margin of 31.72% and a negative return on equity of 572.06%. The firm's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.19 EPS. On average, analysts predict that McDonald's Corporation will post 12.88 earnings per share for the current year.
McDonald's Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald's's payout ratio is presently 60.44%.
Insider Activity at McDonald's
In other news, insider Joseph M. Erlinger sold 5,252 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total value of $1,493,248.64. Following the sale, the insider owned 7,734 shares in the company, valued at approximately $2,198,930.88. This represents a 40.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $278.36, for a total value of $769,108.68. Following the transaction, the executive vice president directly owned 6,268 shares in the company, valued at approximately $1,744,760.48. This represents a 30.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. UBS Group set a $305.00 price target on shares of McDonald's in a research note on Wednesday, August 5th. Evercore set a $320.00 price objective on shares of McDonald's in a research note on Thursday, July 23rd. Freedom Capital upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Guggenheim cut their target price on McDonald's from $320.00 to $290.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Finally, Citigroup lifted their target price on McDonald's from $335.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and an average target price of $325.88.
Check Out Our Latest Research Report on MCD
About McDonald's
(
Free Report)
McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.
Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.
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