Bank of Hawaii Has $54.72 Million Holdings in McDonald's Co. (NYSE:MCD)

Bank of Hawaii cut its stake in McDonald's Co. (NYSE:MCD - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,762 shares of the fast-food giant's stock after selling 6,612 shares during the period. McDonald's makes up about 3.0% of Bank of Hawaii's holdings, making the stock its 9th largest holding. Bank of Hawaii's holdings in McDonald's were worth $54,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Boltwood Capital Management grew its stake in shares of McDonald's by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after buying an additional 35 shares during the last quarter. Pettee Investors Inc. raised its position in shares of McDonald's by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after acquiring an additional 35 shares during the last quarter. Modus Advisors LLC boosted its stake in shares of McDonald's by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock valued at $2,724,000 after purchasing an additional 36 shares during the last quarter. Independent Wealth Network Inc. increased its position in shares of McDonald's by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock worth $213,000 after buying an additional 36 shares during the period. Finally, Blue Barn Wealth LLC raised its stake in McDonald's by 4.3% during the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock worth $252,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Up 1.6 %

Shares of MCD stock traded up $4.82 during trading on Monday, reaching $314.72. 1,376,720 shares of the company's stock traded hands, compared to its average volume of 3,578,668. The firm's 50-day moving average is $306.10 and its 200 day moving average is $299.00. The company has a market capitalization of $224.86 billion, a P/E ratio of 27.63, a PEG ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.25%. McDonald's's dividend payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

Several research firms recently commented on MCD. Loop Capital reaffirmed a "buy" rating and set a $342.00 target price on shares of McDonald's in a research note on Friday, January 3rd. Truist Financial dropped their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. KeyCorp increased their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. BMO Capital Markets lifted their target price on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, Piper Sandler lowered their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $322.87.

Insider Buying and Selling

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,497 shares of company stock valued at $8,461,400. Company insiders own 0.23% of the company's stock.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.