Boston Trust Walden Corp Sells 1,363 Shares of McDonald’s Corporation $MCD

Boston Trust Walden Corp lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,802 shares of the fast-food giant’s stock after selling 1,363 shares during the quarter. Boston Trust Walden Corp’s holdings in McDonald’s were worth $18,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in McDonald’s in the 1st quarter valued at $26,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s during the 1st quarter worth $26,000. Abound Financial LLC bought a new position in shares of McDonald’s during the 1st quarter worth $30,000. GFG Capital LLC bought a new position in shares of McDonald’s during the 2nd quarter worth $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s during the 1st quarter worth $31,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. Bank of America dropped their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Royal Bank Of Canada initiated coverage on McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target on the stock. Morgan Stanley increased their price target on McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. BMO Capital Markets increased their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Finally, Truist Financial dropped their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $324.73.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is owned by company insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $304.59 on Wednesday. The stock has a 50-day moving average of $306.34 and a two-hundred day moving average of $305.63. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market cap of $217.35 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 3.16 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating 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 company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the business posted $2.97 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

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.