First Western Trust Bank Purchases 1,291 Shares of McDonald’s Co. (NYSE:MCD)

First Western Trust Bank boosted its position in McDonald’s Co. (NYSE:MCD – Get Rating) by 3.3% during the 4th quarter, Holdings Channel reports. The fund owned 40,256 shares of the fast-food giant’s stock after buying an additional 1,291 shares during the period. McDonald’s makes up 0.6% of First Western Trust Bank’s portfolio, making the stock its 11th largest holding. First Western Trust Bank’s holdings in McDonald’s were worth $10,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Arrowstreet Capital Limited Partnership boosted its holdings in McDonald’s by 1,189.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after acquiring an additional 2,021,754 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of McDonald’s by 16.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,869,149 shares of the fast-food giant’s stock valued at $1,816,219,000 after purchasing an additional 1,105,231 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of McDonald’s by 44.2% in the first quarter. Renaissance Technologies LLC now owns 2,531,400 shares of the fast-food giant’s stock valued at $625,965,000 after purchasing an additional 776,419 shares in the last quarter. State Street Corp lifted its holdings in shares of McDonald’s by 1.1% in the third quarter. State Street Corp now owns 34,704,308 shares of the fast-food giant’s stock valued at $8,007,672,000 after purchasing an additional 365,601 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 0.5% in the third quarter. Vanguard Group Inc. now owns 67,570,353 shares of the fast-food giant’s stock valued at $15,591,183,000 after purchasing an additional 333,884 shares in the last quarter. Institutional investors own 66.86% of the company’s stock.

Insider Transactions at McDonald’s

In other news, SVP Catherine A. Hoovel sold 840 shares of McDonald’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $298.77, for a total value of $250,966.80. Following the transaction, the senior vice president now owns 891 shares in the company, valued at $266,204.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Manuel Jm Steijaert sold 3,402 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $296.35, for a total transaction of $1,008,182.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Catherine A. Hoovel sold 840 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $298.77, for a total value of $250,966.80. Following the transaction, the senior vice president now owns 891 shares in the company, valued at approximately $266,204.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,667 shares of company stock worth $3,155,167. Company insiders own 0.27% of the company’s stock.

McDonald’s Price Performance

MCD stock traded up $0.62 during mid-day trading on Friday, hitting $286.14. 771,340 shares of the stock were exchanged, compared to its average volume of 2,622,416. The business has a fifty day moving average price of $286.97 and a 200 day moving average price of $275.20. McDonald’s Co. has a 12 month low of $230.58 and a 12 month high of $298.86. The stock has a market capitalization of $208.89 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 3.02 and a beta of 0.63.

McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.32. McDonald’s had a negative return on equity of 124.87% and a net margin of 29.36%. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the previous year, the company posted $2.28 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts forecast that McDonald’s Co. will post 11.03 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Monday, June 5th will be issued a $1.52 dividend. This represents a $6.08 annualized dividend and a dividend yield of 2.12%. McDonald’s’s dividend payout ratio is currently 65.24%.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. Credit Suisse Group raised their target price on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Jefferies Financial Group increased their price target on McDonald’s from $315.00 to $320.00 in a research report on Thursday, April 6th. 1-800-FLOWERS.COM reissued a “reiterates” rating on shares of McDonald’s in a research report on Tuesday, April 25th. Wells Fargo & Company raised their target price on McDonald’s from $280.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Friday, April 21st. Finally, Barclays raised their target price on McDonald’s from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $306.83.

McDonald’s Profile

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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.