First Hawaiian Bank Sells 5,280 Shares of McDonald's Corporation $MCD

Key Points

• First Hawaiian Bank has reduced its stake in McDonald's by 47.2%, selling 5,280 shares and leaving it with 5,911 shares valued at approximately $1.85 million.
• McDonald's reported a quarterly EPS of $3.19, exceeding analysts' expectations, with revenues rising by 5.4% year-over-year to $6.84 billion.
• The company announced a quarterly dividend of $1.77 per share, yielding 2.3%, with the ex-dividend date set for September 2nd.

First Hawaiian Bank decreased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 47.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,911 shares of the fast-food giant's stock after selling 5,280 shares during the period. First Hawaiian Bank's holdings in McDonald's were worth $1,846,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of McDonald's during the first quarter worth $26,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald's during the first quarter worth $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the fourth quarter worth $25,000. Abound Financial LLC bought a new stake in shares of McDonald's during the first quarter worth $30,000. Finally, Pinney & Scofield Inc. bought a new position in McDonald's in the fourth quarter valued at $29,000. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of MCD opened at $305.49 on Friday. The firm has a 50-day moving average of $305.33 and a 200-day moving average of $306.57. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $218.00 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.50.

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

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid 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 is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCD. JPMorgan Chase & Co. raised their target price on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research report on Thursday, July 10th. Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Citigroup raised their target price on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, BMO Capital Markets raised their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Eleven investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $325.14.

Insider Activity at McDonald's

In other news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction dated 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 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 quarter, insiders have sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is owned by corporate 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.

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