McDonald’s Corporation $MCD Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR reduced its stake in McDonald’s Corporation (NYSE:MCD) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,926 shares of the fast-food giant’s stock after selling 165 shares during the period. Pioneer Trust Bank N A OR’s holdings in McDonald’s were worth $4,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. HFM Investment Advisors LLC purchased a new stake in shares of McDonald’s during the first quarter worth approximately $26,000. Decker Retirement Planning Inc. raised its holdings in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the second quarter worth approximately $25,000. Finally, GFG Capital LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This represents a 74.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were 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 owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 15,134 shares of company stock worth $4,570,716. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 2.5%

Shares of MCD opened at $306.48 on Wednesday. The stock’s 50 day moving average is $303.91 and its two-hundred day moving average is $304.75. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market capitalization of $218.26 billion, a PE ratio of 26.26, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period last year, the company posted $3.23 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s dividend payout ratio is 63.48%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MCD shares. Stifel Nicolaus lifted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Guggenheim decreased their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Finally, Evercore ISI increased their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $323.91.

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.