McDonald’s Co. (NYSE:MCD) Shares Sold by First National Trust Co

First National Trust Co reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,024 shares of the fast-food giant’s stock after selling 5,187 shares during the period. McDonald’s accounts for about 1.1% of First National Trust Co’s holdings, making the stock its 16th biggest holding. First National Trust Co’s holdings in McDonald’s were worth $26,100,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. AJOVista LLC purchased a new position in McDonald’s during the fourth quarter worth about $59,000. ARS Wealth Advisors Group LLC boosted its stake in shares of McDonald’s by 0.7% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 7,686 shares of the fast-food giant’s stock valued at $2,279,000 after purchasing an additional 56 shares during the period. Blue Fin Capital Inc. boosted its stake in shares of McDonald’s by 19.6% in the fourth quarter. Blue Fin Capital Inc. now owns 4,536 shares of the fast-food giant’s stock valued at $1,345,000 after purchasing an additional 743 shares during the period. Legacy Financial Advisors Inc. boosted its stake in shares of McDonald’s by 4.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 4,626 shares of the fast-food giant’s stock valued at $1,372,000 after purchasing an additional 207 shares during the period. Finally, Sapient Capital LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at approximately $3,420,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. UBS Group lowered their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. BMO Capital Markets lowered their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday. Wedbush decreased their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, Citigroup decreased their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $317.74.

McDonald’s Trading Down 1.1 %

Shares of NYSE MCD traded down $2.96 during midday trading on Friday, reaching $270.32. 2,642,344 shares of the company were exchanged, compared to its average volume of 3,812,742. The stock has a market cap of $194.90 billion, a P/E ratio of 22.95, a PEG ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a fifty day simple moving average of $279.53 and a 200 day simple moving average of $282.35.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter last year, the business posted $2.63 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. McDonald’s’s payout ratio is currently 56.71%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

McDonald’s 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.