McDonald’s Corporation $MCD Stock Sold by CENTRAL TRUST Co

CENTRAL TRUST Co reduced its holdings in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 73,744 shares of the fast-food giant’s stock after selling 2,259 shares during the quarter. CENTRAL TRUST Co’s holdings in McDonald’s were worth $17,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GKV Capital Management Co. Inc. bought a new stake in McDonald’s in the 1st quarter valued at $33,000. Valued Wealth Advisors LLC lifted its holdings in McDonald’s by 121.1% during the 3rd quarter. Valued Wealth Advisors LLC now owns 168 shares of the fast-food giant’s stock valued at $39,000 after purchasing an additional 92 shares during the last quarter. POM Investment Strategies LLC lifted its holdings in McDonald’s by 46.2% during the 2nd quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock valued at $47,000 after purchasing an additional 55 shares during the last quarter. Westfuller Advisors LLC boosted its position in McDonald’s by 140.0% during the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock worth $49,000 after purchasing an additional 105 shares during the period. Finally, Burkett Financial Services LLC boosted its position in McDonald’s by 2,312.5% during the third quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock worth $45,000 after purchasing an additional 185 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on MCD shares. Daiwa Securities Group decreased their price objective on shares of McDonald’s from $309.00 to $293.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Needham & Company LLC restated a “buy” rating on shares of McDonald’s in a research note on Monday, September 21st. Argus raised their target price on shares of McDonald’s from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Tigress Financial lifted their target price on shares of McDonald’s from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Sanford C. Bernstein lifted their target price on shares of McDonald’s from $250.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $297.82.

Read Our Latest Stock Analysis on McDonald’s

Top McDonald’s Stories

Here are a few of the latest stories about MCD:

  • Positive Sentiment: An analyst upgrade was reported overnight, providing a potential positive signal on the stock, though the headline does not identify the analyst’s rationale or price target. McDonald’s Stock Price Up 1.8% on Analyst Upgrade
  • Positive Sentiment: McDonald’s is rolling out Pokémon Happy Meals and bringing back a popular holiday menu item. These promotions could attract customers and support near-term traffic, although their financial impact is uncertain. McDonald’s rolls out Pokémon Happy Meal
  • Negative Sentiment: A market commentary says Treasury yields near 5% are pressuring valuations across stocks. Higher yields can make dividend-paying shares like MCD less attractive relative to bonds and weigh on valuation multiples. Bonds Are Paying 5% Again

McDonald’s Trading Down 2.4%

NYSE:MCD opened at $275.30 on Thursday. The stock has a 50 day simple moving average of $249.73 and a 200 day simple moving average of $282.16. The stock has a market cap of $194.30 billion, a P/E ratio of 21.78, a PEG ratio of 3.26 and a beta of 0.42. McDonald’s Corporation has a 1-year low of $229.20 and a 1-year high of $341.75.

McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.19. The firm had revenue of $7.16 billion for the quarter, compared to analysts’ expectations of $7.28 billion. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.22 EPS. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.91 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $1.93 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.8%. McDonald’s’s dividend payout ratio (DPR) is presently 61.08%.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app. The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

Further Reading

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCD – Free Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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