McDonald’s Corporation $MCD Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 13.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,939 shares of the fast-food giant’s stock after selling 1,202 shares during the quarter. Central Bank & Trust Co.’s holdings in McDonald’s were worth $2,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WealthPlan Investment Management LLC grew its position in shares of McDonald’s by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after buying an additional 32 shares in the last quarter. Granite Bay Wealth Management LLC boosted its holdings in McDonald’s by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after purchasing an additional 33 shares in the last quarter. CVA Family Office LLC boosted its holdings in McDonald’s by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after purchasing an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC boosted its holdings in McDonald’s by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after purchasing an additional 33 shares in the last quarter. Finally, Security Financial Services INC. boosted its holdings in McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after purchasing an additional 33 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MCD shares. Argus downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Melius started coverage on McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target for the company. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 price target (up from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Citigroup upped their price target on McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, TD Cowen upped their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and a consensus price target of $325.14.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,341 shares of company stock worth $2,544,327. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $302.08 on Tuesday. The stock has a fifty day moving average price of $305.50 and a two-hundred day moving average price of $306.53. The stock has a market capitalization of $215.56 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 3.11 and a beta of 0.50. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the prior year, the business posted $2.97 earnings per share. McDonald’s’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

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

About McDonald’s

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.