Legacy Private Trust Co. Sells 2,844 Shares of McDonald's Co. (NYSE:MCD)

Legacy Private Trust Co. trimmed its position in McDonald's Co. (NYSE:MCD - Free Report) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,588 shares of the fast-food giant's stock after selling 2,844 shares during the quarter. Legacy Private Trust Co.'s holdings in McDonald's were worth $2,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Brighton Jones LLC boosted its position in shares of McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in McDonald's in the fourth quarter valued at approximately $64,805,000. Revolve Wealth Partners LLC boosted its position in McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after buying an additional 52 shares in the last quarter. Gateway Wealth Partners LLC boosted its position in McDonald's by 17.4% in the fourth quarter. Gateway Wealth Partners LLC now owns 1,556 shares of the fast-food giant's stock valued at $451,000 after buying an additional 231 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its position in McDonald's by 1.0% in the fourth quarter. Strategic Blueprint LLC now owns 4,521 shares of the fast-food giant's stock valued at $1,311,000 after buying an additional 44 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Performance

Shares of MCD traded down $0.71 during mid-day trading on Tuesday, reaching $311.97. 985,751 shares of the company's stock traded hands, compared to its average volume of 3,502,366. The business's 50-day moving average price is $312.40 and its 200-day moving average price is $302.20. The stock has a market capitalization of $223.07 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.70 earnings per share. Equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

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

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Wedbush upped their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. TD Securities restated a "hold" rating and set a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Bank of America upped their target price on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Finally, Truist Financial set a $350.00 price objective on shares of McDonald's in a research report on Friday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $325.91.

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.