Trust Co. of Virginia VA Sells 124 Shares of McDonald’s Co. (NYSE:MCD)

Trust Co. of Virginia VA reduced its holdings in McDonald’s Co. (NYSE:MCD) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,733 shares of the fast-food giant’s stock after selling 124 shares during the quarter. Trust Co. of Virginia VA’s holdings in McDonald’s were worth $4,154,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Weaver Consulting Group grew its position in shares of McDonald’s by 13.6% in the 1st quarter. Weaver Consulting Group now owns 829 shares of the fast-food giant’s stock worth $234,000 after buying an additional 99 shares during the last quarter. WD Rutherford LLC boosted its position in shares of McDonald’s by 26.1% during the first quarter. WD Rutherford LLC now owns 4,035 shares of the fast-food giant’s stock valued at $1,138,000 after purchasing an additional 835 shares in the last quarter. Independence Bank of Kentucky boosted its position in shares of McDonald’s by 1.3% during the first quarter. Independence Bank of Kentucky now owns 2,913 shares of the fast-food giant’s stock valued at $821,000 after purchasing an additional 38 shares in the last quarter. Norris Perne & French LLP MI bought a new stake in shares of McDonald’s during the first quarter valued at approximately $268,000. Finally, S.E.E.D. Planning Group LLC boosted its position in shares of McDonald’s by 5.1% during the first quarter. S.E.E.D. Planning Group LLC now owns 811 shares of the fast-food giant’s stock valued at $229,000 after purchasing an additional 39 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock valued at $1,100,625 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MCD. Stifel Nicolaus dropped their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Truist Financial dropped their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Robert W. Baird lowered their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Finally, Citigroup lowered their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $315.14.

McDonald’s Price Performance

McDonald’s stock traded down $3.33 during mid-day trading on Friday, reaching $254.84. 8,958,712 shares of the stock traded hands, compared to its average volume of 3,556,529. The stock has a market capitalization of $183.66 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The business’s 50-day moving average is $263.31 and its 200-day moving average is $279.28.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the firm posted $2.63 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts anticipate that McDonald’s Co. will post 12.19 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.