First Financial Bank Trust Division Has $3.57 Million Stake in McDonald's Co. (NYSE:MCD)

First Financial Bank Trust Division trimmed its stake in McDonald's Co. (NYSE:MCD - Free Report) by 12.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,416 shares of the fast-food giant's stock after selling 1,576 shares during the period. First Financial Bank Trust Division's holdings in McDonald's were worth $3,566,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MCD. Fire Capital Management LLC acquired a new position in McDonald's during the 4th quarter valued at approximately $610,000. Mascagni Wealth Management Inc. acquired a new position in McDonald's during the fourth quarter worth about $25,000. Prostatis Group LLC boosted its position in McDonald's by 2.1% during the fourth quarter. Prostatis Group LLC now owns 5,148 shares of the fast-food giant's stock worth $1,492,000 after acquiring an additional 105 shares during the last quarter. DSG Capital Advisors LLC purchased a new position in McDonald's during the fourth quarter worth about $662,000. Finally, Chancellor Financial Group WB LP purchased a new position in McDonald's during the fourth quarter worth about $656,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. Truist Financial set a $350.00 target price on shares of McDonald's in a research note on Friday, May 2nd. Bank of America raised their price objective on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. TD Securities restated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Finally, Citigroup upped their target price on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Stock Down 0.2%

Shares of McDonald's stock traded down $0.67 during trading on Monday, hitting $311.41. The stock had a trading volume of 881,457 shares, compared to its average volume of 3,505,560. The company has a market capitalization of $222.67 billion, a PE ratio of 27.34, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a 50 day simple moving average of $312.40 and a 200 day simple moving average of $302.06.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.70 earnings per share. As a group, equities analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

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.