Cambridge Trust Co. Sells 1,900 Shares of McDonald’s Co. (NYSE:MCD)

Cambridge Trust Co. decreased its position in shares of McDonald’s Co. (NYSE:MCD – Get Rating) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,370 shares of the fast-food giant’s stock after selling 1,900 shares during the period. McDonald’s makes up 1.4% of Cambridge Trust Co.’s holdings, making the stock its 22nd biggest position. Cambridge Trust Co.’s holdings in McDonald’s were worth $32,249,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. West Financial Advisors LLC grew its holdings in shares of McDonald’s by 520.0% during the 3rd quarter. West Financial Advisors LLC now owns 124 shares of the fast-food giant’s stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of McDonald’s during the 3rd quarter worth $33,000. WD Rutherford LLC acquired a new stake in McDonald’s in the third quarter valued at about $36,000. Cowa LLC acquired a new stake in McDonald’s in the third quarter valued at about $39,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in McDonald’s in the third quarter valued at about $43,000. Institutional investors own 66.86% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. KeyCorp reduced their price objective on McDonald’s from $295.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 1st. Barclays raised their price objective on McDonald’s from $295.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, January 5th. Tigress Financial lifted their price target on McDonald’s from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. Truist Financial cut their price target on McDonald’s from $300.00 to $292.00 and set a “buy” rating on the stock in a research note on Wednesday, February 1st. Finally, Credit Suisse Group lifted their price target on McDonald’s from $298.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $288.80.

McDonald’s Stock Down 1.2 %

NYSE MCD opened at $267.20 on Friday. The company has a market cap of $195.46 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 3.13 and a beta of 0.62. McDonald’s Co. has a 52 week low of $228.34 and a 52 week high of $281.67. The business has a 50 day moving average price of $267.15 and a 200-day moving average price of $262.86.

McDonald’s (NYSE:MCD – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The fast-food giant reported $2.59 EPS for the quarter, beating the consensus estimate of $2.46 by $0.13. The firm had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a negative return on equity of 120.10% and a net margin of 26.65%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.23 earnings per share. On average, equities research analysts anticipate that McDonald’s Co. will post 10.51 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were given a dividend of $1.52 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $6.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s payout ratio is 72.81%.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,396 shares of the business’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $265.44, for a total value of $370,554.24. Following the transaction, the executive vice president now owns 308 shares of the company’s stock, valued at $81,755.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Catherine A. Hoovel sold 2,876 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $270.00, for a total transaction of $776,520.00. Following the sale, the senior vice president now directly owns 1,184 shares in the company, valued at approximately $319,680. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,396 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $265.44, for a total value of $370,554.24. Following the sale, the executive vice president now owns 308 shares in the company, valued at $81,755.52. The disclosure for this sale can be found here. Insiders have sold a total of 8,122 shares of company stock valued at $2,177,681 over the last 90 days. Insiders own 0.25% of the company’s stock.

About McDonald’s

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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, Russia, Spain, and the U.K.