Parkside Financial Bank & Trust Has $959,000 Holdings in McDonald’s Co. (NYSE:MCD)

Parkside Financial Bank & Trust decreased its holdings in McDonald’s Co. (NYSE:MCD) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,762 shares of the fast-food giant’s stock after selling 123 shares during the quarter. Parkside Financial Bank & Trust’s holdings in McDonald’s were worth $959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new position in McDonald’s during the 4th quarter worth about $4,286,000. Strait & Sound Wealth Management LLC acquired a new position in shares of McDonald’s during the fourth quarter worth approximately $211,000. Hantz Financial Services Inc. acquired a new stake in shares of McDonald’s in the second quarter valued at approximately $6,612,000. California State Teachers Retirement System raised its position in McDonald’s by 1.4% in the 4th quarter. California State Teachers Retirement System now owns 1,180,928 shares of the fast-food giant’s stock worth $350,157,000 after purchasing an additional 15,863 shares during the last quarter. Finally, Keystone Financial Group raised its position in McDonald’s by 5.9% in the 4th quarter. Keystone Financial Group now owns 8,995 shares of the fast-food giant’s stock worth $2,667,000 after purchasing an additional 499 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. BMO Capital Markets decreased their price objective on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Stifel Nicolaus lowered their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. KeyCorp lowered their price target on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, Loop Capital dropped their price target on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $303.89.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,291 shares of company stock valued at $1,689,073. 0.23% of the stock is owned by insiders.

McDonald’s Price Performance

MCD traded up $0.47 during trading on Friday, reaching $288.44. The company had a trading volume of 380,851 shares, compared to its average volume of 3,485,367. The business’s fifty day moving average price is $267.95 and its 200 day moving average price is $270.93. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The company has a market cap of $207.87 billion, a P/E ratio of 24.44, a PEG ratio of 3.86 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm posted $3.17 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s payout ratio is presently 56.71%.

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.