Whittier Trust Co. of Nevada Inc. Trims Stake in McDonald's Corporation (NYSE:MCD)

Whittier Trust Co. of Nevada Inc. lowered its position in McDonald's Corporation (NYSE:MCD - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,574 shares of the fast-food giant's stock after selling 1,484 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in McDonald's were worth $17,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC grew its stake in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC grew its stake in shares of McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC grew its stake in shares of McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares during the last quarter. Northeast Financial Consultants Inc grew its stake in shares of McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after purchasing an additional 34 shares during the last quarter. Finally, Tealwood Asset Management Inc. grew its stake in shares of McDonald's by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

NYSE MCD traded down $0.91 during mid-day trading on Wednesday, reaching $298.71. The stock had a trading volume of 2,804,555 shares, compared to its average volume of 3,529,959. McDonald's Corporation has a 1 year low of $246.12 and a 1 year high of $326.32. The stock has a market cap of $213.59 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. The company has a fifty day moving average price of $303.10 and a 200 day moving average price of $302.60.

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

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. McDonald's's dividend payout ratio is presently 62.49%.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Truist Financial lifted their price objective on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Argus cut McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and a consensus target price of $319.48.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,817 shares of company stock valued at $1,165,843. Company insiders own 0.25% of the company's stock.

McDonald's Company 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.