Farmers Trust Co. Has $2.42 Million Stake in McDonald’s Corporation (MCD)

Farmers Trust Co. lowered its position in McDonald’s Corporation (NYSE:MCD) by 9.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,790 shares of the fast-food giant’s stock after selling 1,570 shares during the period. Farmers Trust Co.’s holdings in McDonald’s Corporation were worth $2,419,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. DnB Asset Management AS increased its holdings in McDonald’s Corporation by 7.9% during the first quarter. DnB Asset Management AS now owns 96,606 shares of the fast-food giant’s stock worth $12,521,000 after buying an additional 7,100 shares during the last quarter. Coastline Trust Co increased its stake in shares of McDonald’s Corporation by 0.8% in the first quarter. Coastline Trust Co now owns 21,320 shares of the fast-food giant’s stock worth $2,763,000 after purchasing an additional 164 shares in the last quarter. Patten & Patten Inc. TN increased its stake in shares of McDonald’s Corporation by 4.2% in the first quarter. Patten & Patten Inc. TN now owns 6,091 shares of the fast-food giant’s stock worth $789,000 after purchasing an additional 244 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of McDonald’s Corporation by 35.2% in the first quarter. NewSquare Capital LLC now owns 1,921 shares of the fast-food giant’s stock worth $249,000 after purchasing an additional 500 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of McDonald’s Corporation by 1.5% in the first quarter. Nisa Investment Advisors LLC now owns 321,122 shares of the fast-food giant’s stock worth $41,619,000 after purchasing an additional 4,850 shares in the last quarter. Institutional investors own 67.92% of the company’s stock.

McDonald’s Corporation (NYSE MCD) traded up 1.29% during midday trading on Wednesday, reaching $159.46. 1,554,411 shares of the company traded hands. The stock has a market capitalization of $129.16 billion, a P/E ratio of 26.10 and a beta of 0.70. The firm has a 50-day moving average of $157.70 and a 200-day moving average of $147.07. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $161.72.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. McDonald’s Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $1.45 earnings per share. On average, analysts predict that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 1st were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.39%. The ex-dividend date was Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

In related news, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $4,013,537.00. Following the transaction, the chief financial officer now owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,938 shares of company stock valued at $11,033,009. 0.24% of the stock is owned by company insiders.

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MCD has been the subject of several recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 target price (up previously from $160.00) on shares of McDonald’s Corporation in a research note on Thursday, May 25th. Barclays PLC reiterated an “overweight” rating and issued a $164.00 target price (up previously from $155.00) on shares of McDonald’s Corporation in a research note on Tuesday, May 30th. Telsey Advisory Group lifted their target price on shares of McDonald’s Corporation from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $155.00 target price on shares of McDonald’s Corporation in a research note on Friday, June 2nd. Finally, Vetr downgraded shares of McDonald’s Corporation from a “hold” rating to a “sell” rating and set a $147.92 target price for the company. in a research note on Monday, June 5th. Twelve research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $162.26.

McDonald’s Corporation Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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