Citizens Business Bank Sells 1,135 Shares of McDonald’s Co. (NYSE:MCD)

Citizens Business Bank cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,687 shares of the fast-food giant’s stock after selling 1,135 shares during the period. Citizens Business Bank’s holdings in McDonald’s were worth $3,465,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Alpha Cubed Investments LLC increased its stake in shares of McDonald’s by 2.5% in the fourth quarter. Alpha Cubed Investments LLC now owns 83,051 shares of the fast-food giant’s stock valued at $24,626,000 after buying an additional 2,024 shares in the last quarter. MONECO Advisors LLC lifted its position in shares of McDonald’s by 31.0% during the fourth quarter. MONECO Advisors LLC now owns 3,917 shares of the fast-food giant’s stock worth $1,161,000 after purchasing an additional 927 shares in the last quarter. Brighton Jones LLC grew its stake in shares of McDonald’s by 6.3% during the fourth quarter. Brighton Jones LLC now owns 6,749 shares of the fast-food giant’s stock valued at $2,001,000 after purchasing an additional 397 shares during the last quarter. Mission Wealth Management LP increased its holdings in shares of McDonald’s by 4.8% in the fourth quarter. Mission Wealth Management LP now owns 17,969 shares of the fast-food giant’s stock valued at $5,328,000 after purchasing an additional 821 shares in the last quarter. Finally, Stegent Equity Advisors Inc. bought a new position in McDonald’s in the 4th quarter worth approximately $254,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Stephens reissued an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a research note on Monday, February 5th. StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $317.67.

McDonald’s Price Performance

McDonald’s stock traded down $0.48 during trading hours on Tuesday, hitting $273.07. The company had a trading volume of 6,893,865 shares, compared to its average volume of 3,313,933. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a 50-day moving average of $281.31 and a 200 day moving average of $282.15. The firm has a market cap of $196.89 billion, a PE ratio of 23.65, a PEG ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the firm posted $2.63 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is currently 57.74%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.