AMG National Trust Bank Sells 238 Shares of McDonald’s Co. (NYSE:MCD)

AMG National Trust Bank lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,934 shares of the fast-food giant’s stock after selling 238 shares during the period. AMG National Trust Bank’s holdings in McDonald’s were worth $2,589,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of McDonald’s by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after buying an additional 220,365 shares during the period. Wellington Management Group LLP raised its holdings in shares of McDonald’s by 0.9% in the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after acquiring an additional 128,800 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in McDonald’s by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock worth $1,682,473,000 after acquiring an additional 52,195 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock worth $1,650,692,000 after acquiring an additional 129,843 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in McDonald’s by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after purchasing an additional 19,867 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock worth $10,206,575. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 3.6 %

Shares of NYSE:MCD opened at $321.52 on Friday. The business has a 50-day moving average price of $295.69 and a 200-day moving average price of $296.25. The stock has a market cap of $229.71 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $323.17.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent research reports. KeyCorp increased their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Truist Financial lowered their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley lifted their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird upped their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, Citigroup lifted their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.61.

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.