First Western Trust Bank Has $10.61 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

First Western Trust Bank grew its holdings in McDonald’s Co. (NYSE:MCD – Get Rating) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,256 shares of the fast-food giant’s stock after buying an additional 1,291 shares during the quarter. McDonald’s makes up 0.6% of First Western Trust Bank’s portfolio, making the stock its 11th largest position. First Western Trust Bank’s holdings in McDonald’s were worth $10,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in McDonald’s by 0.5% in the third quarter. Vanguard Group Inc. now owns 67,570,353 shares of the fast-food giant’s stock worth $15,591,183,000 after purchasing an additional 333,884 shares during the period. State Street Corp increased its position in McDonald’s by 1.1% in the third quarter. State Street Corp now owns 34,704,308 shares of the fast-food giant’s stock worth $8,007,672,000 after purchasing an additional 365,601 shares during the period. Price T Rowe Associates Inc. MD increased its position in McDonald’s by 16.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,869,149 shares of the fast-food giant’s stock worth $1,816,219,000 after purchasing an additional 1,105,231 shares during the period. Charles Schwab Investment Management Inc. increased its position in McDonald’s by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,117,531 shares of the fast-food giant’s stock worth $1,265,463,000 after purchasing an additional 108,282 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in McDonald’s by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,097,497 shares of the fast-food giant’s stock worth $816,283,000 after purchasing an additional 172,804 shares during the period. 66.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCD. Stephens reiterated an “overweight” rating and issued a $280.00 price objective on shares of McDonald’s in a research report on Wednesday, February 1st. Citigroup reduced their target price on McDonald’s from $279.00 to $277.00 and set a “neutral” rating on the stock in a report on Wednesday, February 1st. Evercore ISI raised their target price on McDonald’s from $310.00 to $315.00 in a report on Wednesday, April 26th. Robert W. Baird raised their target price on McDonald’s from $288.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, April 21st. Finally, Northcoast Research upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $321.00 target price on the stock in a report on Monday, April 10th. Five analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $306.83.

McDonald’s Trading Up 0.2 %

Shares of NYSE:MCD traded up $0.62 during trading on Friday, hitting $286.14. 771,340 shares of the company were exchanged, compared to its average volume of 2,622,416. The stock has a market cap of $208.89 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 3.02 and a beta of 0.63. McDonald’s Co. has a fifty-two week low of $230.58 and a fifty-two week high of $298.86. The firm has a fifty day moving average price of $286.97 and a two-hundred day moving average price of $275.20.

McDonald’s (NYSE:MCD – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.32. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.58 billion. McDonald’s had a negative return on equity of 124.87% and a net margin of 29.36%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.28 EPS. As a group, research analysts predict that McDonald’s Co. will post 11.03 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Monday, June 5th will be issued a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.12%. McDonald’s’s payout ratio is presently 65.24%.

Insider Buying and Selling

In related news, SVP Catherine A. Hoovel sold 840 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $298.77, for a total transaction of $250,966.80. Following the transaction, the senior vice president now directly owns 891 shares of the company’s stock, valued at approximately $266,204.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Catherine A. Hoovel sold 840 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $298.77, for a total value of $250,966.80. Following the completion of the sale, the senior vice president now directly owns 891 shares in the company, valued at approximately $266,204.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jo Sempels sold 6,425 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $295.10, for a total value of $1,896,017.50. Following the completion of the sale, the insider now owns 730 shares of the company’s stock, valued at $215,423. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,667 shares of company stock valued at $3,155,167. 0.27% of the stock is owned by insiders.

McDonald’s Profile

(Get Rating)

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, Russia, Spain, and the U.K.