McDonald’s Corporation $MCD Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR lessened its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,926 shares of the fast-food giant’s stock after selling 165 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in McDonald’s were worth $4,945,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 0.3% in the first quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock valued at $21,993,689,000 after purchasing an additional 239,753 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of McDonald’s by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after purchasing an additional 1,344,954 shares during the last quarter. Northern Trust Corp lifted its stake in McDonald’s by 1.1% in the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock valued at $2,800,447,000 after buying an additional 97,966 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in McDonald’s by 2.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant’s stock valued at $1,606,354,000 after buying an additional 123,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in McDonald’s by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after buying an additional 815,768 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 2.5%

Shares of McDonald’s stock opened at $306.48 on Wednesday. The business’s fifty day moving average price is $303.91 and its 200 day moving average price is $304.75. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The stock has a market capitalization of $218.26 billion, a P/E ratio of 26.26, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.23 earnings per share. As a group, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s payout ratio is 63.48%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at $1,383,734.52. The trade was a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,134 shares of company stock valued at $4,570,716 over the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MCD shares. Truist Financial reduced their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Robert W. Baird upped their target price on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Morgan Stanley set a $335.00 price target on shares of McDonald’s in a research note on Friday, October 17th. BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $323.91.

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.