First American Trust FSB Cuts Stock Holdings in Mcdonald’s Corp (NYSE:MCD)

First American Trust FSB reduced its position in shares of Mcdonald’s Corp (NYSE:MCD) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,354 shares of the fast-food giant’s stock after selling 178 shares during the period. Mcdonald’s comprises 1.3% of First American Trust FSB’s portfolio, making the stock its 25th biggest holding. First American Trust FSB’s holdings in Mcdonald’s were worth $6,517,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in shares of Mcdonald’s in the second quarter valued at approximately $25,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Mcdonald’s in the second quarter valued at approximately $27,000. Atlas Capital Advisors LLC grew its position in shares of Mcdonald’s by 330.3% in the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock valued at $29,000 after purchasing an additional 109 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Mcdonald’s in the second quarter valued at approximately $34,000. Finally, Next Capital Management LLC purchased a new stake in shares of Mcdonald’s in the second quarter valued at approximately $41,000. Institutional investors own 67.60% of the company’s stock.

A number of equities research analysts have recently issued reports on MCD shares. KeyCorp upped their price target on Mcdonald’s from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $230.00 price objective (up from $210.00) on shares of Mcdonald’s in a report on Monday, July 15th. Stifel Nicolaus upped their price objective on Mcdonald’s from $200.00 to $210.00 and gave the company a “hold” rating in a report on Monday, July 29th. SunTrust Banks set a $240.00 price objective on Mcdonald’s and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, TheStreet upgraded Mcdonald’s from a “c+” rating to a “b-” rating in a report on Monday, August 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Mcdonald’s currently has an average rating of “Buy” and a consensus target price of $221.19.



NYSE:MCD traded down $0.92 during trading hours on Thursday, reaching $211.91. 88,365 shares of the stock were exchanged, compared to its average volume of 3,505,714. The business has a 50-day moving average of $213.92 and a two-hundred day moving average of $205.76. Mcdonald’s Corp has a twelve month low of $161.82 and a twelve month high of $221.93. The company has a market capitalization of $160.94 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 3.15 and a beta of 0.49.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter last year, the company earned $1.99 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts forecast that Mcdonald’s Corp will post 8.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, November 29th. Mcdonald’s’s dividend payout ratio is 58.73%.

In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the transaction, the executive vice president now directly owns 40,129 shares in the company, valued at $8,530,622.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Catherine A. Hoovel sold 457 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $218.15, for a total value of $99,694.55. Following the transaction, the vice president now owns 1,348 shares in the company, valued at $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

Further Reading: What is a Special Dividend?

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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