Camden National Bank Has $12.83 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Camden National Bank reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,260 shares of the fast-food giant’s stock after selling 503 shares during the period. McDonald’s comprises about 1.9% of Camden National Bank’s investment portfolio, making the stock its 15th biggest position. Camden National Bank’s holdings in McDonald’s were worth $12,831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the fourth quarter valued at about $27,000. Collier Financial bought a new stake in McDonald’s during the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the third quarter worth approximately $31,000. Finally, Marshall Investment Management LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $37,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $321.52 on Friday. The firm has a market capitalization of $229.71 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $323.17. The company’s 50 day simple moving average is $295.69 and its 200 day simple moving average is $296.25.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate 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 predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.20%. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. Citigroup raised their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Bank of America raised their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Barclays increased their price target on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by corporate insiders.

About McDonald’s

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.