Orrstown Financial Services Inc. Has $673,000 Holdings in McDonald’s Co. (NYSE:MCD)

Orrstown Financial Services Inc. increased its stake in McDonald’s Co. (NYSE:MCDFree Report) by 17.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,386 shares of the fast-food giant’s stock after acquiring an additional 358 shares during the quarter. Orrstown Financial Services Inc.’s holdings in McDonald’s were worth $673,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in shares of McDonald’s in the fourth quarter valued at $31,000. Spartan Planning & Wealth Management bought a new position in McDonald’s in the 3rd quarter valued at about $33,000. Clear Investment Research LLC bought a new stake in McDonald’s during the 4th quarter worth approximately $38,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth approximately $39,000. Finally, Keener Financial Planning LLC purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MCD. TD Cowen restated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 13th. Citigroup cut their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Evercore ISI reiterated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, Guggenheim cut their price target on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.14.

Read Our Latest Report on McDonald’s

McDonald’s Price Performance

NYSE MCD opened at $250.79 on Wednesday. The stock has a market capitalization of $180.74 billion, a PE ratio of 21.29, a P/E/G ratio of 2.85 and a beta of 0.71. The company’s 50 day simple moving average is $265.25 and its two-hundred day simple moving average is $280.88. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.63 earnings per share. On average, research analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.66%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction 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 sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred 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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 $5,140,168.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,096 shares of company stock valued at $1,127,678. Insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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