Advantage Trust Co Sells 1,066 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Advantage Trust Co has decreased its holdings in McDonald's Corporation (MCD) by 30%, now owning 2,493 shares valued at approximately $779,000.
• Several institutional investors have also made new purchases in McDonald's, contributing to a current institutional ownership of 70.29%.
• McDonald's has declared a quarterly dividend of $1.77 per share, resulting in an annualized dividend of $7.08 and a dividend yield of 2.37%.

Advantage Trust Co lessened its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 30.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,493 shares of the fast-food giant's stock after selling 1,066 shares during the quarter. McDonald's makes up about 0.5% of Advantage Trust Co's holdings, making the stock its 20th largest position. Advantage Trust Co's holdings in McDonald's were worth $779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MCD. Brighton Jones LLC lifted its holdings in McDonald's by 21.6% during the fourth 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 during the period. Revolve Wealth Partners LLC raised its stake in shares of McDonald's by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of 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 worth $60,722,000 after buying an additional 27,774 shares during the last quarter. GHE LLC grew its position in McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after buying an additional 136 shares during the period. Finally, New Age Alpha Advisors LLC increased its holdings in McDonald's by 6,396.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 4,158 shares of the fast-food giant's stock worth $1,205,000 after buying an additional 4,094 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,817 shares of company stock valued at $1,147,992 in the last quarter. Corporate insiders own 0.25% of the company's stock.

McDonald's Trading Down 0.5%

Shares of MCD traded down $1.61 during mid-day trading on Thursday, reaching $302.00. The company's stock had a trading volume of 1,407,990 shares, compared to its average volume of 3,581,698. The stock has a market cap of $215.94 billion, a PE ratio of 26.66, a P/E/G ratio of 3.17 and a beta of 0.53. The company's fifty day moving average price is $299.96 and its two-hundred day moving average price is $303.25. McDonald's Corporation has a 52 week low of $262.40 and a 52 week high of $326.32.

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

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.34%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and dropped their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. KeyCorp decreased their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Morgan Stanley upped their price target on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, McDonald's currently has an average rating of "Hold" and an average target price of $323.39.

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.