Private Trust Co. NA Has $5.25 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Private Trust Co. NA trimmed its position in McDonald’s Co. (NYSE:MCD) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,106 shares of the fast-food giant’s stock after selling 410 shares during the period. McDonald’s comprises approximately 0.5% of Private Trust Co. NA’s portfolio, making the stock its 26th largest holding. Private Trust Co. NA’s holdings in McDonald’s were worth $5,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the 4th quarter worth about $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter worth about $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $31,000. Finally, Marshall Investment Management LLC acquired a new position in shares of McDonald’s during the 4th quarter worth about $37,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the firm’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 sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,504 shares of company stock worth $9,897,305. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Performance

NYSE:MCD opened at $309.88 on Friday. The stock has a fifty day moving average price of $293.75 and a 200-day moving average price of $294.82. The company has a market cap of $222.07 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

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

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.28%. McDonald’s’s dividend payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MCD. TD Securities restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Truist Financial cut their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Bank of America lifted their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Barclays lifted their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, BMO Capital Markets boosted their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Ten 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 has an average rating of “Moderate Buy” and a consensus price target of $323.61.

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.