Ames National Corp Takes Position in McDonald's Co. (NYSE:MCD)

Ames National Corp acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,690 shares of the fast-food giant's stock, valued at approximately $1,649,000. McDonald's makes up approximately 1.0% of Ames National Corp's portfolio, making the stock its 22nd largest holding.

A number of other institutional investors have also recently bought and sold shares of MCD. Atala Financial Inc bought a new stake in McDonald's in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald's during the fourth quarter valued at about $27,000. Collier Financial acquired a new stake in shares of McDonald's in the fourth quarter worth about $29,000. Fairway Wealth LLC boosted its stake in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald's during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Down 0.5%

MCD opened at $319.63 on Wednesday. The stock's 50 day simple moving average is $310.92 and its 200-day simple moving average is $301.07. The stock has a market cap of $228.55 billion, a PE ratio of 28.06, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 earnings per share. Equities analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.22%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction 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 directly owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,099 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at $475,176. This represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,436 shares of company stock worth $4,458,290. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial set a $350.00 target price on McDonald's in a report on Friday, May 2nd. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Citigroup upped their price objective on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Piper Sandler lifted their target price on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Eleven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.

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