First National Trust Co Decreases Holdings in McDonald’s Corporation $MCD

First National Trust Co trimmed its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 71,758 shares of the fast-food giant’s stock after selling 33 shares during the quarter. McDonald’s makes up 0.8% of First National Trust Co’s investment portfolio, making the stock its 28th largest position. First National Trust Co’s holdings in McDonald’s were worth $20,966,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Signet Investment Advisory Group Inc. raised its position in shares of McDonald’s by 0.5% during the 2nd quarter. Signet Investment Advisory Group Inc. now owns 10,235 shares of the fast-food giant’s stock worth $2,990,000 after purchasing an additional 55 shares during the last quarter. Clark Asset Management LLC raised its holdings in shares of McDonald’s by 96.8% during the second quarter. Clark Asset Management LLC now owns 2,202 shares of the fast-food giant’s stock valued at $643,000 after acquiring an additional 1,083 shares during the last quarter. GPM Growth Investors Inc. raised its holdings in shares of McDonald’s by 0.6% during the second quarter. GPM Growth Investors Inc. now owns 20,258 shares of the fast-food giant’s stock valued at $5,919,000 after acquiring an additional 118 shares during the last quarter. GWN Securities Inc. raised its holdings in shares of McDonald’s by 25.6% during the second quarter. GWN Securities Inc. now owns 24,442 shares of the fast-food giant’s stock valued at $7,277,000 after acquiring an additional 4,985 shares during the last quarter. Finally, Taylor Financial Group Inc. raised its holdings in shares of McDonald’s by 4.1% during the second quarter. Taylor Financial Group Inc. now owns 2,564 shares of the fast-food giant’s stock valued at $749,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 1.4%

Shares of MCD opened at $309.97 on Tuesday. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a market capitalization 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 stock has a fifty day simple moving average of $306.52 and a two-hundred day simple moving average of $305.71.

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, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the business earned $2.97 earnings per share. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is 60.67%.

Analyst Ratings Changes

Several research firms recently commented on MCD. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective for the company in a research note on Thursday, July 10th. Truist Financial reduced their target price on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets increased their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, TD Cowen increased their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $323.43.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,463 shares of company stock worth $1,692,186 in the last 90 days. Insiders own 0.25% of the company’s stock.

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.