Iowa State Bank Sells 850 Shares of McDonald's Co. (NYSE:MCD)

Iowa State Bank lessened its position in McDonald's Co. (NYSE:MCD - Free Report) by 7.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,650 shares of the fast-food giant's stock after selling 850 shares during the period. Iowa State Bank's holdings in McDonald's were worth $3,327,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mattern Capital Management LLC increased its holdings in shares of McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank increased its holdings in McDonald's by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after acquiring an additional 371 shares in the last quarter. YANKCOM Partnership purchased a new position in McDonald's during the 4th quarter valued at about $1,628,000. Integral Investment Advisors Inc. increased its holdings in McDonald's by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after acquiring an additional 164 shares in the last quarter. Finally, Aviva PLC increased its holdings in McDonald's by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after acquiring an additional 23,024 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wedbush raised their price target on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Morgan Stanley decreased their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Robert W. Baird raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Barclays raised their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Twelve research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Stock Performance

NYSE MCD traded down $0.00 on Tuesday, reaching $312.68. The company's stock had a trading volume of 3,028,078 shares, compared to its average volume of 3,506,951. The firm's 50 day moving average is $312.40 and its two-hundred day moving average is $302.20. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market cap of $223.57 billion, a PE ratio of 27.45, a PEG ratio of 3.10 and a beta of 0.57.

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 (EPS) for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. During the same quarter in the previous year, the business posted $2.70 earnings per share. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. McDonald's's dividend payout ratio is currently 62.49%.

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.