Community Bank & Trust Waco Texas Lowers Holdings in McDonald’s Co. (NYSE:MCD)

Community Bank & Trust Waco Texas reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,651 shares of the fast-food giant’s stock after selling 371 shares during the period. McDonald’s makes up about 2.1% of Community Bank & Trust Waco Texas’ holdings, making the stock its 11th largest position. Community Bank & Trust Waco Texas’ holdings in McDonald’s were worth $7,606,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Shulman DeMeo Asset Management LLC increased its stake in shares of McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after acquiring an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC increased its position in McDonald’s by 0.6% in the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after buying an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares in the last quarter. Mengis Capital Management Inc. grew its stake in shares of McDonald’s by 7.9% in the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after purchasing an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its position in shares of McDonald’s by 7.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD traded down $2.14 during trading on Wednesday, hitting $274.74. 1,278,497 shares of the company’s stock were exchanged, compared to its average volume of 3,215,179. The company has a market cap of $198.09 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 3.03 and a beta of 0.71. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The business’s 50-day simple moving average is $282.61 and its 200 day simple moving average is $281.45.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.59 EPS. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.43%. McDonald’s’s payout ratio is presently 57.74%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated 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 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.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Royal Bank of Canada cut their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. UBS Group decreased their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Finally, TD Cowen reissued a “buy” rating and issued a $325.00 price objective on shares of McDonald’s in a research note on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $319.72.

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.