McDonald's Co. (NYSE:MCD) Shares Acquired by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR lifted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,236 shares of the fast-food giant's stock after acquiring an additional 2,153 shares during the quarter. Pioneer Trust Bank N A OR's holdings in McDonald's were worth $4,997,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of McDonald's in the fourth quarter worth about $2,725,190,000. Raymond James Financial Inc. purchased a new stake in McDonald's in the 4th quarter worth approximately $703,074,000. Franklin Resources Inc. grew its stake in shares of McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after purchasing an additional 794,536 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of McDonald's by 43,591.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after purchasing an additional 589,359 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of McDonald's by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

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

McDonald's Trading Down 5.8 %

McDonald's stock opened at $299.68 on Friday. The company has a 50-day moving average price of $304.34 and a 200 day moving average price of $298.72. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock has a market cap of $214.11 billion, a P/E ratio of 26.31, a PEG ratio of 3.10 and a beta of 0.62.

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McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results 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 net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wedbush lifted their price objective on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Loop Capital reissued a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. TD Securities reaffirmed a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Finally, Barclays increased their target price on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Nine 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 MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and a consensus price target of $323.30.

McDonald's 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.

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