Trust Co. of Vermont Boosts Stake in McDonald’s Corporation $MCD

Trust Co. of Vermont raised its position in McDonald’s Corporation (NYSE:MCD) by 1.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 49,044 shares of the fast-food giant’s stock after purchasing an additional 542 shares during the period. Trust Co. of Vermont’s holdings in McDonald’s were worth $14,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC grew its stake in McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after buying an additional 32 shares in the last quarter. Granite Bay Wealth Management LLC boosted its holdings in McDonald’s by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC boosted its holdings in McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC boosted its holdings in McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after purchasing an additional 33 shares during the period. Finally, Security Financial Services INC. boosted its holdings in McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.3%

Shares of NYSE:MCD opened at $303.99 on Wednesday. The stock has a market cap of $216.93 billion, a PE ratio of 26.05, a PEG ratio of 3.09 and a beta of 0.50. The company’s fifty day moving average is $306.72 and its 200 day moving average is $306.25. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s payout ratio is presently 60.67%.

Insider Activity

In other news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following 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 filing with the SEC, which is accessible through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,402 shares of company stock worth $2,273,407. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MCD shares. Redburn Atlantic reissued a “sell” rating and issued a $260.00 price target (down from $319.00) on shares of McDonald’s in a report on Tuesday, June 10th. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Piper Sandler raised their price target on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Melius started coverage on shares of McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target for the company. Finally, Morgan Stanley raised their price target on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Eleven 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 data from MarketBeat, McDonald’s has an average rating of “Hold” and a consensus price target of $325.86.

McDonald’s 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.