McDonald’s Co. (NYSE:MCD) Shares Acquired by Private Trust Co. NA

Private Trust Co. NA boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 11.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,516 shares of the fast-food giant’s stock after purchasing an additional 1,877 shares during the period. McDonald’s makes up approximately 0.6% of Private Trust Co. NA’s portfolio, making the stock its 27th biggest holding. Private Trust Co. NA’s holdings in McDonald’s were worth $5,638,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MCD. Hara Capital LLC purchased a new position in McDonald’s in the third quarter valued at approximately $44,000. Kings Path Partners LLC acquired a new position in shares of McDonald’s during the 2nd quarter valued at $38,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s during the 3rd quarter worth $58,000. Opal Wealth Advisors LLC acquired a new stake in McDonald’s in the 2nd quarter valued at $59,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of McDonald’s during the second quarter worth about $65,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $4.94 on Monday, hitting $295.22. 1,200,143 shares of the company were exchanged, compared to its average volume of 3,488,078. The company’s 50 day moving average price is $299.85 and its two-hundred day moving average price is $278.20. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market capitalization of $211.56 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 3.86 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 EPS. Research analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is 58.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group raised their target price on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. UBS Group boosted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Bank of America boosted their price target on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI raised their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $319.46.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 19.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the sale, the insider now directly owns 11,484 shares in the company, valued at $3,428,777.88. This trade represents a 8.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,498 shares of company stock worth $10,381,296 over the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.