Dorsey & Whitney Trust CO LLC Sells 276 Shares of McDonald’s Corporation $MCD

Dorsey & Whitney Trust CO LLC decreased its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 16,064 shares of the fast-food giant’s stock after selling 276 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in McDonald’s were worth $5,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Brighton Jones LLC grew its position in shares of McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in McDonald’s by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock valued at $60,722,000 after purchasing an additional 27,774 shares in the last quarter. GHE LLC boosted its position in McDonald’s by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock valued at $4,255,000 after purchasing an additional 136 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in McDonald’s by 29.1% during the fourth quarter. First Trust Advisors LP now owns 250,700 shares of the fast-food giant’s stock valued at $72,675,000 after purchasing an additional 56,575 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.6%

McDonald’s stock opened at $310.6130 on Wednesday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a market capitalization of $221.65 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 3.15 and a beta of 0.52. The stock has a 50-day moving average price of $298.34 and a 200 day moving average price of $305.35.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s payout ratio is 60.67%.

Insiders Place Their Bets

In related news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,280 shares of company stock valued at $2,525,178 over the last ninety days. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Melius assumed coverage on McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective on the stock. Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. BTIG Research restated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Citigroup upped their price objective on shares of McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, BMO Capital Markets restated an “outperform” rating and set a $350.00 price objective (up previously from $345.00) on shares of McDonald’s in a report on Thursday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $326.87.

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.