McDonald’s Co. (NYSE:MCD) Shares Sold by Private Trust Co. NA

Private Trust Co. NA reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,106 shares of the fast-food giant’s stock after selling 410 shares during the period. McDonald’s makes up about 0.5% of Private Trust Co. NA’s investment portfolio, making the stock its 26th largest position. Private Trust Co. NA’s holdings in McDonald’s were worth $5,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pinnacle Associates Ltd. increased its holdings in shares of McDonald’s by 1.5% in the third quarter. Pinnacle Associates Ltd. now owns 54,912 shares of the fast-food giant’s stock valued at $16,282,000 after buying an additional 817 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of McDonald’s by 13.3% in the 3rd quarter. Diversify Wealth Management LLC now owns 6,715 shares of the fast-food giant’s stock worth $2,005,000 after acquiring an additional 787 shares during the last quarter. SteelPeak Wealth LLC raised its position in shares of McDonald’s by 242.3% during the third quarter. SteelPeak Wealth LLC now owns 25,762 shares of the fast-food giant’s stock worth $7,845,000 after purchasing an additional 18,236 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of McDonald’s by 63.8% during the third quarter. JFS Wealth Advisors LLC now owns 7,364 shares of the fast-food giant’s stock valued at $2,242,000 after purchasing an additional 2,867 shares during the last quarter. Finally, Tandem Capital Management Corp ADV acquired a new position in shares of McDonald’s in the 3rd quarter valued at $221,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MCD shares. Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. KeyCorp boosted their price target on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Wedbush boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler reduced their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,504 shares of company stock valued at $9,897,305 over the last ninety days. 0.23% of the stock is owned by company insiders.

McDonald’s Trading Up 1.8 %

Shares of McDonald’s stock opened at $309.88 on Friday. The company’s fifty day simple moving average is $293.75 and its 200-day simple moving average is $294.82. The company has a market cap of $222.07 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

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.