FineMark National Bank & Trust trimmed its stake in shares of McDonald's Co. (NYSE:MCD) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,633 shares of the fast-food giant’s stock after selling 1,120 shares during the period. FineMark National Bank & Trust’s holdings in McDonald's were worth $7,510,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Vanguard Group Inc. grew its stake in shares of McDonald's by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after buying an additional 906,303 shares in the last quarter. BlackRock Inc. grew its stake in shares of McDonald's by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after buying an additional 1,586,761 shares in the last quarter. Capital World Investors grew its stake in shares of McDonald's by 2.8% in the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after buying an additional 606,232 shares in the last quarter. Capital Research Global Investors grew its stake in shares of McDonald's by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after buying an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of McDonald's by 3.1% in the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after buying an additional 360,212 shares in the last quarter. 68.59% of the stock is owned by institutional investors.
In other news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the business posted $1.44 EPS. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. equities analysts forecast that McDonald's Co. will post 7.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $1.01 per share. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.56%. McDonald's’s payout ratio is 63.52%.
MCD has been the subject of a number of recent research reports. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research note on Thursday, January 18th. Stifel Nicolaus set a $172.00 price objective on shares of McDonald's and gave the stock a “neutral” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies lifted their price objective on shares of McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Goldman Sachs Group set a $200.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research note on Friday, January 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $175.00 price target (down from $191.00) on shares of McDonald's in a research note on Tuesday, March 6th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $183.02.
COPYRIGHT VIOLATION WARNING: “McDonald's Co. (MCD) Shares Sold by FineMark National Bank & Trust” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/03/13/mcdonalds-co-mcd-shares-sold-by-finemark-national-bank-trust.html.
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.
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Co. (NYSE:MCD).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.