Trust Co. of Vermont Has $14.33 Million Holdings in McDonald’s Corporation $MCD

Trust Co. of Vermont boosted its stake in McDonald’s Corporation (NYSE:MCD) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,044 shares of the fast-food giant’s stock after purchasing an additional 542 shares during the period. Trust Co. of Vermont’s holdings in McDonald’s were worth $14,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MCD. HFM Investment Advisors LLC acquired a new stake in McDonald’s in the first quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the first quarter valued at $26,000. Abound Financial LLC acquired a new stake in McDonald’s in the first quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new stake in McDonald’s in the first quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in McDonald’s in the first quarter valued at $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock worth $2,273,407 in the last quarter. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MCD shares. Stifel Nicolaus increased their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Redburn Atlantic reaffirmed a “sell” rating and set a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Piper Sandler upped their price target on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Morgan Stanley upped their price target on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and a consensus target price of $325.86.

McDonald’s Price Performance

MCD stock opened at $303.99 on Wednesday. The stock has a market capitalization of $216.93 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50. The company’s 50-day moving average is $306.72 and its 200-day moving average is $306.25. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

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.