McDonald's Corporation $MCD Shares Bought by CHICAGO TRUST Co NA

Key Points

• CHICAGO TRUST Co NA increased its stake in McDonald's Corporation by 8.8%, now holding 11,491 shares valued at approximately $3.36 million.
• Recent analyst ratings show a mix of outlooks for McDonald's stock, with eleven "Buy" ratings and a consensus price target of $325.86.
• McDonald's reported earnings of $3.19 per share, exceeding estimates, and announced a quarterly dividend of $1.77.

CHICAGO TRUST Co NA lifted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,491 shares of the fast-food giant's stock after acquiring an additional 931 shares during the period. CHICAGO TRUST Co NA's holdings in McDonald's were worth $3,357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Brighton Jones LLC boosted its stake in McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC lifted its position in McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after purchasing an additional 136 shares during the last quarter. Finally, Vermillion Wealth Management Inc. bought a new stake in McDonald's in the 4th quarter valued at about $67,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business'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 in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock valued at $2,273,407 over the last three months. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

MCD has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price on the stock in a research note on Thursday, July 10th. KeyCorp reissued an "overweight" rating and set a $335.00 target price (up previously from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and lowered their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Finally, Truist Financial lifted their price objective on shares of McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, McDonald's presently has a consensus rating of "Hold" and an average price target of $325.86.

McDonald's Stock Up 0.4%

NYSE MCD opened at $303.47 on Tuesday. The stock has a market capitalization of $216.56 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.49. The company has a 50 day moving average price of $306.09 and a two-hundred day moving average price of $306.29. 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 issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping 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 business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same period in the previous year, the company earned $2.97 earnings per share. McDonald's's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald's's payout ratio is presently 60.67%.

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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