Cambridge Trust Co. Has $28.77 Million Holdings in McDonald’s Co. (NYSE:MCD)

Cambridge Trust Co. raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,043 shares of the fast-food giant’s stock after purchasing an additional 488 shares during the period. McDonald’s accounts for approximately 1.2% of Cambridge Trust Co.’s holdings, making the stock its 26th biggest holding. Cambridge Trust Co.’s holdings in McDonald’s were worth $28,774,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Independent Wealth Network Inc. increased its position in shares of McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the period. Paragon Capital Management Ltd grew its position in McDonald’s by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares during the last quarter. Proquility Private Wealth Partners LLC grew its position in McDonald’s by 1.0% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 3,737 shares of the fast-food giant’s stock valued at $985,000 after acquiring an additional 38 shares during the last quarter. Unique Wealth LLC grew its position in McDonald’s by 1.2% in the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after acquiring an additional 38 shares during the last quarter. Finally, Patron Partners LLC grew its position in McDonald’s by 0.7% in the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after acquiring an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MCD shares. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Evercore ISI reiterated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. Morgan Stanley decreased their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Truist Financial cut their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.72.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.27% of the company’s stock.

McDonald’s Stock Down 0.2 %

MCD traded down $0.50 during trading on Thursday, hitting $269.45. The company’s stock had a trading volume of 1,621,298 shares, compared to its average volume of 3,224,743. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock’s fifty day moving average price is $283.86 and its 200-day moving average price is $280.69. The firm has a market capitalization of $194.28 billion, a P/E ratio of 23.27, a PEG ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the firm earned $2.59 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts expect that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.