McDonald's Corporation (NYSE:MCD) Shares Bought by First National Trust Co

Key Points

• First National Trust Co increased its shares in McDonald's Corporation by 14.2% during the first quarter, owning a total of 71,791 shares valued at $22,425,000.
• Several institutional investors made significant moves, including GAMMA Investing LLC, which boosted its holdings by 39,039.7% to 3,497,919 shares worth over $1 billion.
• McDonald's announced a quarterly dividend of $1.77 per share, with a dividend yield of 2.34%, payable on September 16th.

First National Trust Co boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,791 shares of the fast-food giant's stock after acquiring an additional 8,933 shares during the quarter. McDonald's comprises about 0.9% of First National Trust Co's holdings, making the stock its 26th largest holding. First National Trust Co's holdings in McDonald's were worth $22,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of McDonald's by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after purchasing an additional 3,488,982 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in McDonald's in the 4th quarter worth about $350,935,000. Northern Trust Corp lifted its stake in McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in McDonald's in the 4th quarter worth about $211,824,000. Finally, APG Asset Management N.V. lifted its stake in McDonald's by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock worth $179,715,000 after acquiring an additional 602,976 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MCD. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price target (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price target (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Piper Sandler raised their price objective on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Barclays raised their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $323.39.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were 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 approximately $2,780,165.67. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,817 shares of company stock valued at $1,147,992 in the last quarter. 0.25% of the stock is currently owned by company insiders.

McDonald's Price Performance

MCD stock traded down $3.31 during midday trading on Thursday, hitting $300.30. 3,619,632 shares of the stock traded hands, compared to its average volume of 3,222,961. The firm has a market cap of $214.72 billion, a P/E ratio of 26.50, a PEG ratio of 3.18 and a beta of 0.53. McDonald's Corporation has a 1-year low of $262.40 and a 1-year high of $326.32. The stock's fifty day simple moving average is $299.68 and its 200-day simple moving average is $303.37.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. McDonald's's quarterly revenue was down 3.5% compared to the same quarter last year. On average, research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is 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.