Texas Bank & Trust Co Sells 226 Shares of McDonald’s Corporation $MCD

Texas Bank & Trust Co lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 2.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,962 shares of the fast-food giant’s stock after selling 226 shares during the quarter. McDonald’s makes up 1.2% of Texas Bank & Trust Co’s holdings, making the stock its 25th biggest holding. Texas Bank & Trust Co’s holdings in McDonald’s were worth $2,911,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in McDonald’s by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock worth $21,993,689,000 after acquiring an additional 239,753 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of McDonald’s by 16.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock valued at $2,917,993,000 after purchasing an additional 1,344,954 shares in the last quarter. Northern Trust Corp boosted its stake in shares of McDonald’s by 1.1% during the first quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock valued at $2,800,447,000 after purchasing an additional 97,966 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of McDonald’s by 2.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant’s stock worth $1,606,354,000 after purchasing an additional 123,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of McDonald’s by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock valued at $1,556,485,000 after buying an additional 815,768 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Down 1.3%

MCD opened at $298.44 on Monday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a fifty day moving average of $305.70 and a 200-day moving average of $305.44. The stock has a market cap of $212.97 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

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

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is currently 63.75%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Mizuho upgraded shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research report on Friday, October 17th. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a report on Thursday, July 10th. KeyCorp reissued an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research note on Monday, October 20th. Finally, Truist Financial lowered their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $323.43.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction on 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 sale, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,487 shares of company stock valued at $1,395,970 over the last 90 days. Company insiders own 0.25% of the company’s stock.

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.