Family Capital Trust Co Sells 237 Shares of McDonald’s Corporation $MCD

Family Capital Trust Co decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 13.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,550 shares of the fast-food giant’s stock after selling 237 shares during the period. Family Capital Trust Co’s holdings in McDonald’s were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. HFM Investment Advisors LLC bought a new stake in McDonald’s during the first quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new stake in shares of McDonald’s during the first quarter valued at about $26,000. GFG Capital LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at about $29,000. Abound Financial LLC bought a new stake in shares of McDonald’s in the 1st quarter valued at about $30,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, 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 value 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 represents a 22.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock worth $1,973,407 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $308.02 on Monday. The company’s fifty day moving average price is $306.29 and its 200-day moving average price is $305.41. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The firm has a market capitalization of $219.80 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.97 EPS. As a group, research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MCD shares. TD Cowen increased their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Barclays upped their price target on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Wells Fargo & Company lowered their price objective on McDonald’s from $350.00 to $340.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley set a $335.00 target price on McDonald’s in a research report on Friday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and an average target price of $324.68.

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.