McDonald’s Co. (NYSE:MCD) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,765 shares of the fast-food giant’s stock after selling 150 shares during the quarter. Trust Co. of Vermont’s holdings in McDonald’s were worth $12,977,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $31,000. Spartan Planning & Wealth Management purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $33,000. Clear Investment Research LLC purchased a new stake in McDonald’s during the 4th quarter valued at approximately $38,000. Keener Financial Planning LLC purchased a new stake in McDonald’s during the 4th quarter valued at approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in McDonald’s during the 4th quarter valued at approximately $39,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold 4,096 shares of company stock worth $1,127,678 over the last quarter. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the company. The Goldman Sachs Group assumed coverage on McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective for the company. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Morgan Stanley reduced their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Evercore ISI reaffirmed an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Finally, Citigroup reduced 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 equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $315.14.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $253.51 on Tuesday. The business’s fifty day moving average price is $265.62 and its two-hundred day moving average price is $281.12. The stock has a market cap of $182.70 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.72. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the business earned $2.63 EPS. McDonald’s’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts predict that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

McDonald’s Company 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.