First American Trust FSB Boosts Stake in McDonald’s Co. (NYSE:MCD)

First American Trust FSB grew its position in shares of McDonald’s Co. (NYSE:MCD) by 7.4% during the fourth quarter, Holdings Channel reports. The fund owned 2,361 shares of the fast-food giant’s stock after purchasing an additional 162 shares during the period. First American Trust FSB’s holdings in McDonald’s were worth $700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC grew its holdings in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $39,000. Retirement Group LLC purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $37,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of NYSE:MCD traded down $1.16 during midday trading on Monday, hitting $266.23. The company had a trading volume of 3,594,123 shares, compared to its average volume of 3,249,551. The company has a market cap of $191.95 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.89 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 company has a fifty day moving average of $284.99 and a two-hundred day moving average of $280.75.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. McDonald’s’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 EPS. Research analysts expect that McDonald’s Co. will post 12.35 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.51%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Analysts Set New Price Targets

MCD has been the topic of a number of analyst reports. TD Cowen reissued a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday, April 10th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Truist Financial dropped their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Finally, StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.17.

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.