McDonald’s Corporation $MCD Shares Sold by First National Trust Co

First National Trust Co lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,758 shares of the fast-food giant’s stock after selling 33 shares during the quarter. McDonald’s accounts for approximately 0.8% of First National Trust Co’s holdings, making the stock its 28th largest holding. First National Trust Co’s holdings in McDonald’s were worth $20,966,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. HFM Investment Advisors LLC acquired a new stake in McDonald’s in the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the first quarter worth $26,000. GFG Capital LLC acquired a new stake in shares of McDonald’s during the second quarter worth $29,000. Abound Financial LLC acquired a new stake in shares of McDonald’s during the first quarter worth $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the first quarter worth $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 1.4%

Shares of MCD stock opened at $309.97 on Tuesday. The stock has a market cap of $221.19 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50. The business has a 50-day simple moving average of $306.52 and a 200-day simple moving average of $305.71. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (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 the consensus estimate of $6.68 billion. During the same period in the previous year, the company posted $2.97 earnings per share. McDonald’s’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Wall Street Analyst Weigh In

A number of analysts have commented on MCD shares. Bank of America lowered their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Guggenheim lowered their price target on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Stifel Nicolaus lifted their target price on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Mizuho set a $300.00 target price on McDonald’s in a report on Monday. Finally, Melius initiated coverage on shares of McDonald’s in a research note on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $323.43.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,463 shares of company stock worth $1,692,186 in the last three months. Company insiders own 0.25% of the company’s stock.

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.