Equitable Trust Co. Raises Stake in McDonald’s Co. (NYSE:MCD)

Equitable Trust Co. raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,904 shares of the fast-food giant’s stock after purchasing an additional 1,897 shares during the quarter. Equitable Trust Co.’s holdings in McDonald’s were worth $5,770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MCD. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of McDonald’s by 3.4% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 13,238 shares of the fast-food giant’s stock worth $3,837,000 after buying an additional 438 shares in the last quarter. Bristlecone Advisors LLC increased its position in shares of McDonald’s by 15.2% in the fourth quarter. Bristlecone Advisors LLC now owns 902 shares of the fast-food giant’s stock worth $261,000 after purchasing an additional 119 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC increased its position in shares of McDonald’s by 0.9% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 5,006 shares of the fast-food giant’s stock worth $1,451,000 after purchasing an additional 45 shares during the last quarter. Soltis Investment Advisors LLC increased its position in shares of McDonald’s by 2.7% in the fourth quarter. Soltis Investment Advisors LLC now owns 2,946 shares of the fast-food giant’s stock worth $854,000 after purchasing an additional 77 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of McDonald’s in the fourth quarter worth approximately $290,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MCD. TD Cowen reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. KeyCorp dropped their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Truist Financial dropped their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $318.86.

McDonald’s Stock Up 0.0 %

McDonald’s stock opened at $294.39 on Monday. The business has a 50-day simple moving average of $290.70 and a two-hundred day simple moving average of $290.89. The company has a market cap of $210.97 billion, a P/E ratio of 25.85, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. Research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. Corporate insiders own 0.23% 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, Russia, Spain, and the U.K.