Hilltop National Bank Makes New Investment in McDonald's Corporation $MCD

Key Points

• Hilltop National Bank has acquired a new stake of 2,630 shares in McDonald's Corporation valued at approximately $768,000 during the second quarter.
• McDonald's reported earnings of $3.19 per share for the last quarter, exceeding analysts' expectations, and had a revenue of $6.84 billion, a 5.4% year-over-year increase.
• The company declared a quarterly dividend of $1.77 per share, with an annualized basis totaling $7.08 and a dividend yield of 2.4%.

Hilltop National Bank acquired a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,630 shares of the fast-food giant's stock, valued at approximately $768,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First American Trust FSB boosted its stake 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 valued at $11,532,000 after purchasing an additional 13,234 shares in the last quarter. Banque Transatlantique SA boosted its stake in shares of McDonald's by 58.0% during 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 stake in shares of McDonald's by 35.2% during 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 stake in shares of McDonald's by 1.9% during 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 stake in shares of McDonald's by 5.6% during 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 currently owned by institutional investors.

McDonald's Trading Down 0.1%

NYSE MCD opened at $300.09 on Friday. The company has a fifty day simple moving average of $306.88 and a two-hundred day simple moving average of $306.19. The stock has a market cap of $214.15 billion, a P/E ratio of 25.71, a P/E/G ratio of 3.06 and a beta of 0.50. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $2.97 earnings per share. As a group, sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Insider Activity at McDonald's

In other McDonald's news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,402 shares of company stock worth $2,273,407. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on MCD. Evercore ISI increased 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 Friday, August 8th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and decreased their target price for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Guggenheim reissued a "neutral" rating on shares of McDonald's in a research report on Friday, August 8th. Piper Sandler increased their target price on shares of McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, Citigroup increased their target price on shares of McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. 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 MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $325.86.

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.

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