Coastline Trust Co Has $3.81 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Coastline Trust Co lessened its holdings in McDonald’s Co. (NYSE:MCD) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,148 shares of the fast-food giant’s stock after selling 363 shares during the quarter. Coastline Trust Co’s holdings in McDonald’s were worth $3,811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MCD. Atala Financial Inc bought a new position in shares of McDonald’s in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $29,000. Fairway Wealth LLC raised its position in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Truist Financial lowered their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Bank of America upped their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Robert W. Baird reduced their price objective on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $322.87.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is owned by insiders.

McDonald’s Trading Up 0.6 %

Shares of NYSE:MCD opened at $310.82 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a market cap of $222.07 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The stock’s fifty day simple moving average is $307.38 and its two-hundred day simple moving average is $299.35.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

About McDonald’s

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.