First National Trust Co Has $18.22 Million Stock Position in McDonald’s Co. (NYSE:MCD)

First National Trust Co decreased its position in McDonald’s Co. (NYSE:MCD) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,858 shares of the fast-food giant’s stock after selling 2,000 shares during the period. First National Trust Co’s holdings in McDonald’s were worth $18,222,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $336,000. Carret Asset Management LLC grew its stake in shares of McDonald’s by 2.9% in the 4th quarter. Carret Asset Management LLC now owns 12,539 shares of the fast-food giant’s stock valued at $3,635,000 after purchasing an additional 353 shares during the period. Analyst IMS Investment Management Services Ltd. grew its stake in shares of McDonald’s by 137.9% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 6,031 shares of the fast-food giant’s stock valued at $1,748,000 after purchasing an additional 3,496 shares during the period. Atala Financial Inc bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $26,000. Finally, Integras Partners LLC bought a new stake in McDonald’s during the 4th quarter worth approximately $2,571,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Securities restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Bank of America increased their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Piper Sandler decreased their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. BMO Capital Markets upped their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Wedbush upped their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.7 %

Shares of NYSE MCD opened at $297.45 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a market cap of $212.52 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business’s 50 day moving average price is $296.86 and its two-hundred day moving average price is $296.71.

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

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

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.