Colonial Trust Co SC Has $1.56 Million Stake in McDonald’s Co. (NYSE:MCD)

Colonial Trust Co SC trimmed its stake in McDonald’s Co. (NYSE:MCD) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,364 shares of the fast-food giant’s stock after selling 320 shares during the period. Colonial Trust Co SC’s holdings in McDonald’s were worth $1,555,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mattern Capital Management LLC grew its stake in shares of McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after acquiring an additional 579 shares during the period. Bell Bank lifted its stake in McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares during the last quarter. YANKCOM Partnership purchased a new stake in shares of McDonald’s during the fourth quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. grew its stake in shares of McDonald’s by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after purchasing an additional 164 shares during the last quarter. Finally, PFW Advisors LLC purchased a new stake in McDonald’s in the 4th quarter worth approximately $2,471,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MCD. Erste Group Bank upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Wedbush raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. KeyCorp boosted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Piper Sandler raised their target price on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, Robert W. Baird raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $325.91.

Insider Activity

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the transaction, the insider now directly owns 13,978 shares of the company’s stock, valued at $4,263,290. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

NYSE:MCD opened at $316.94 on Wednesday. The company has a 50 day moving average price of $309.54 and a 200 day moving average price of $300.00. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $226.63 billion, a P/E ratio of 27.83, a PEG ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the business posted $2.70 EPS. McDonald’s’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.23%. McDonald’s’s dividend payout ratio is currently 62.49%.

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.