McDonald's Corporation $MCD Shares Sold by American Trust

Key Points

• American Trust has reduced its stake in McDonald's Corporation by 73.2%, selling 6,380 shares, which leaves them with 2,333 shares valued at approximately $729,000.
• In contrast, other hedge funds, such as First American Trust FSB and Banque Transatlantique SA, have significantly increased their holdings in McDonald's during the same quarter, indicating varied investor sentiment.
• McDonald's recently announced a quarterly dividend of $1.77, reflecting a 2.3% dividend yield and a payout ratio of 60.67%.

American Trust cut its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 73.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,333 shares of the fast-food giant's stock after selling 6,380 shares during the quarter. American Trust's holdings in McDonald's were worth $729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First American Trust FSB grew its position in shares of McDonald's by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after buying an additional 13,234 shares in the last quarter. Banque Transatlantique SA boosted its holdings in McDonald's by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after purchasing an additional 91,313 shares in the last quarter. Hamilton Capital LLC boosted its holdings in McDonald's by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock valued at $982,000 after purchasing an additional 819 shares in the last quarter. Red Door Wealth Management LLC boosted its holdings in McDonald's by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in McDonald's by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after purchasing an additional 18,393 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Price Performance

McDonald's stock traded down $2.94 during trading hours on Friday, hitting $305.49. The stock had a trading volume of 2,072,499 shares, compared to its average volume of 2,839,153. The stock has a market capitalization of $218.00 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.14 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. The stock's fifty day moving average is $305.33 and its two-hundred day moving average is $306.59.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $2.97 EPS. As a group, sell-side analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's payout ratio is currently 60.67%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. TD Cowen increased their price objective on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Truist Financial increased their price objective on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a report on Thursday, July 10th. Finally, Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $325.14.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,341 shares of company stock worth $2,544,327 over the last 90 days. Insiders own 0.25% of the company's stock.

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.