TNB Financial increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 6.2% during the second quarter, Holdings Channel reports. The institutional investor owned 26,502 shares of the fast-food giant’s stock after buying an additional 1,540 shares during the period. TNB Financial’s holdings in McDonald’s Corporation were worth $4,059,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation raised its position in shares of McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the period. Diversified Trust Co raised its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock worth $257,000 after buying an additional 6 shares during the period. D Orazio & Associates Inc. raised its position in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares during the period. Catawba Capital Management VA raised its position in shares of McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock worth $382,000 after buying an additional 9 shares during the period. Finally, Van Cleef Asset Management Inc raised its position in shares of McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock worth $331,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.
McDonald’s Corporation (NYSE:MCD) opened at 153.92 on Friday. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $156.75. The firm has a market cap of $125.46 billion, a PE ratio of 27.17 and a beta of 0.70. The company’s 50 day moving average price is $153.30 and its 200 day moving average price is $136.92.
McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. McDonald’s Corporation had a negative return on equity of 387.22% and a net margin of 19.58%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter last year, the company posted $1.23 earnings per share. McDonald’s Corporation’s quarterly revenue was down 3.9% on a year-over-year basis. Analysts predict that McDonald’s Corporation will post $6.41 earnings per share for the current fiscal year.
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MCD has been the subject of a number of analyst reports. Wells Fargo & Company reiterated an “outperform” rating and set a $175.00 price target (up previously from $165.00) on shares of McDonald’s Corporation in a research report on Monday, June 26th. Nomura set a $172.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada set a $170.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Cleveland Research upgraded McDonald’s Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 11th. Finally, Barclays PLC boosted their price objective on McDonald’s Corporation from $139.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $156.08.
In related news, VP James R. Sappington sold 13,912 shares of McDonald’s Corporation stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $141.39, for a total transaction of $1,967,017.68. Following the completion of the transaction, the vice president now owns 14,608 shares in the company, valued at $2,065,425.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.
McDonald’s Corporation Company Profile
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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