Park National Corp OH Buys 4,010 Shares of McDonald's Co. (NYSE:MCD)

Park National Corp OH increased its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,894 shares of the fast-food giant's stock after acquiring an additional 4,010 shares during the period. McDonald's makes up about 1.4% of Park National Corp OH's holdings, making the stock its 17th biggest position. Park National Corp OH's holdings in McDonald's were worth $39,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Mascagni Wealth Management Inc. bought a new position in shares of McDonald's in the fourth quarter worth approximately $25,000. Atala Financial Inc bought a new position in shares of McDonald's in the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's in the 4th quarter worth $27,000. Collier Financial bought a new position in shares of McDonald's in the 4th quarter worth $29,000. Finally, Pinney & Scofield Inc. bought a new position in shares of McDonald's in the 4th quarter worth $29,000. Institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of a number of research analyst reports. Barclays increased their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wedbush increased their target price on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. BMO Capital Markets reissued an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Finally, TD Securities reissued a "hold" rating and set a $300.00 price objective on shares of McDonald's in a report on Monday, February 10th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $325.91.

McDonald's Stock Up 0.6%

Shares of MCD stock traded up $1.82 during mid-day trading on Friday, reaching $313.68. 4,056,929 shares of the company's stock traded hands, compared to its average volume of 3,526,384. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a market cap of $224.29 billion, a P/E ratio of 27.54, a P/E/G ratio of 3.10 and a beta of 0.57. The company's 50-day moving average price is $312.40 and its 200-day moving average price is $302.00.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting 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 business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. Equities analysts predict that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given 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 dividend yield of 2.26%. McDonald's's dividend payout ratio is currently 62.49%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company's stock.

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.