McDonald’s Corporation $MCD Stock Holdings Cut by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lessened its position in McDonald’s Corporation (NYSE:MCD) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,397 shares of the fast-food giant’s stock after selling 667 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in McDonald’s were worth $4,499,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MCD. Decker Retirement Planning Inc. grew its stake in shares of McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the 2nd quarter worth approximately $25,000. HFM Investment Advisors LLC purchased a new position in McDonald’s during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter valued at $26,000. Finally, GFG Capital LLC purchased a new stake in shares of McDonald’s in the second quarter valued at $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MCD shares. TD Cowen upped their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Barclays lowered their target price on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Piper Sandler reissued a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday, October 22nd. Guggenheim decreased their price target on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, Stifel Nicolaus upped their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, McDonald’s has an average rating of “Hold” and a consensus target price of $323.91.

McDonald’s Trading Down 0.3%

McDonald’s stock opened at $306.74 on Monday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The firm’s fifty day simple moving average is $303.37 and its 200-day simple moving average is $304.53. The company has a market capitalization of $218.45 billion, a P/E ratio of 26.28, a P/E/G ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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). The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.23 earnings per share. On average, equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

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

Insider Buying and Selling

In other news, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 15,134 shares of company stock worth $4,570,716. 0.25% of the stock is currently owned by insiders.

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.