McDonald’s Corporation $MCD Shares Sold by First National Trust Co

First National Trust Co lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 5.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,015 shares of the fast-food giant’s stock after selling 3,743 shares during the quarter. First National Trust Co’s holdings in McDonald’s were worth $20,669,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evergreen Private Wealth LLC raised its stake in shares of McDonald’s by 162.5% in the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after acquiring an additional 52 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the 2nd quarter valued at about $25,000. Decker Retirement Planning Inc. boosted its stake in shares of McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares during the period. Financial Gravity Companies Inc. acquired a new position in shares of McDonald’s during the second quarter worth about $29,000. Finally, Traub Capital Management LLC purchased a new stake in shares of McDonald’s during the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $325.57 on Tuesday. McDonald’s Corporation has a 1 year low of $283.47 and a 1 year high of $328.06. The firm has a market cap of $231.85 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 3.31 and a beta of 0.52. The stock’s 50-day moving average is $311.40 and its two-hundred day moving average is $307.60.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a $1.86 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s payout ratio is currently 63.48%.

Insider Transactions at McDonald’s

In other news, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the sale, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at approximately $8,169,430. This represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 2,626 shares of McDonald’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $306.58, for a total transaction of $805,079.08. Following the completion of the transaction, the insider directly owned 5,398 shares in the company, valued at $1,654,918.84. The trade was a 32.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,008 shares of company stock valued at $9,895,452 over the last ninety days. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent research reports. Guggenheim lifted their price target on shares of McDonald’s from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Truist Financial boosted their target price on shares of McDonald’s from $350.00 to $356.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Barclays raised their price target on McDonald’s from $358.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Robert W. Baird lifted their price target on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a report on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $332.30.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.