Town & Country Bank & Trust CO dba First Bankers Trust CO Cuts Position in McDonald's Corporation $MCD

Key Points

• Town & Country Bank & Trust CO reduced its holdings in McDonald's by 51.2% during the second quarter, leaving them with 6,031 shares valued at approximately $1.76 million.
• Wall Street analysts are optimistic about McDonald's, with several raising their price targets; the consensus rating is "Hold" with a price target of $325.86.
• McDonald's reported a quarterly earnings per share of $3.19, beating expectations, and announced a quarterly dividend of $1.77 per share, translating to an annual yield of 2.3%.

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 51.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,031 shares of the fast-food giant's stock after selling 6,332 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in McDonald's were worth $1,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $25,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald's in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald's in the first quarter valued at approximately $26,000. Abound Financial LLC acquired a new stake in shares of McDonald's in the first quarter valued at approximately $30,000. Finally, Copia Wealth Management acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Truist Financial increased their price objective on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Guggenheim reissued a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Barclays increased their price objective on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Piper Sandler increased their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $335.00 price target (up from $325.00) on shares of McDonald's in a report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $325.86.

McDonald's Trading Up 0.4%

Shares of NYSE:MCD opened at $303.47 on Tuesday. The stock's 50-day moving average price is $306.09 and its two-hundred day moving average price is $306.29. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm has a market cap of $216.56 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.08 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last issued 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. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the company earned $2.97 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's payout ratio is currently 60.67%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,402 shares of company stock valued at $2,273,407. 0.25% of the stock is currently owned by company insiders.

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.

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