Colonial Trust Advisors Sells 409 Shares of McDonald’s Corporation $MCD

Colonial Trust Advisors cut its stake in McDonald’s Corporation (NYSE:MCD) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,755 shares of the fast-food giant’s stock after selling 409 shares during the quarter. Colonial Trust Advisors’ holdings in McDonald’s were worth $4,921,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. WealthPlan Investment Management LLC raised its holdings in McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after purchasing an additional 32 shares in the last quarter. Granite Bay Wealth Management LLC raised its holdings in McDonald’s by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock worth $309,000 after purchasing an additional 33 shares in the last quarter. CVA Family Office LLC raised its holdings in McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after purchasing an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC raised its holdings in McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after purchasing an additional 33 shares in the last quarter. Finally, Security Financial Services INC. raised its holdings in McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after purchasing an additional 33 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Down 0.1%

Shares of NYSE MCD opened at $308.71 on Tuesday. The firm’s 50-day moving average price is $298.14 and its 200-day moving average price is $305.31. The company has a market cap of $220.30 billion, a PE ratio of 26.45, a PEG ratio of 3.15 and a beta of 0.52. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.97 EPS. As a group, equities research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.67%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America decreased their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Piper Sandler increased their price target on shares of McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. TD Cowen increased their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $260.00 price target (down from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $326.87.

Insider Activity

In related news, CMO Edith Morgan Flatley sold 976 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total value of $296,216.00. Following the transaction, the chief marketing officer owned 7,882 shares of the company’s stock, valued at approximately $2,392,187. This trade represents a 11.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,280 shares of company stock valued at $2,215,178 in the last 90 days. 0.25% of the stock is currently owned by insiders.

McDonald’s Profile

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.