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

Somerset Trust Co lessened its holdings in McDonald’s Co. (NYSE:MCD) by 2.7% in the 2nd quarter, Holdings Channel reports. The firm owned 17,529 shares of the fast-food giant’s stock after selling 483 shares during the quarter. McDonald’s accounts for 2.3% of Somerset Trust Co’s portfolio, making the stock its 8th biggest holding. Somerset Trust Co’s holdings in McDonald’s were worth $5,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Moneta Group Investment Advisors LLC lifted its stake in shares of McDonald’s by 106,340.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares during the last quarter. Norges Bank acquired a new position in McDonald’s during the 4th quarter worth $2,341,360,000. Arrowstreet Capital Limited Partnership lifted its position in McDonald’s by 1,189.7% during the 1st 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 during the last quarter. Two Sigma Advisers LP lifted its position in McDonald’s by 610.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,573,100 shares of the fast-food giant’s stock worth $414,559,000 after acquiring an additional 1,351,700 shares during the last quarter. Finally, Amundi lifted its position in McDonald’s by 64.1% during the 4th quarter. Amundi now owns 2,663,063 shares of the fast-food giant’s stock worth $715,858,000 after acquiring an additional 1,039,816 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, EVP Heidi B. Capozzi sold 688 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $282.54, for a total transaction of $194,387.52. Following the sale, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Heidi B. Capozzi sold 688 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $282.54, for a total transaction of $194,387.52. Following the sale, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $285.00, for a total transaction of $285,000.00. Following the sale, the chief marketing officer now directly owns 929 shares in the company, valued at $264,765. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,149 shares of company stock valued at $5,257,201. 0.27% of the stock is currently owned by insiders.

McDonald’s Stock Down 0.3 %

NYSE MCD opened at $283.80 on Friday. The stock has a market cap of $206.82 billion, a P/E ratio of 26.20, a PEG ratio of 2.75 and a beta of 0.64. McDonald’s Co. has a twelve month low of $230.58 and a twelve month high of $299.35. The company’s 50-day simple moving average is $287.75 and its 200 day simple moving average is $285.82.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.40. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.30 billion. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.55 earnings per share. Research analysts anticipate that McDonald’s Co. will post 11.49 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $1.52 per share. The ex-dividend date is Thursday, August 31st. This represents a $6.08 annualized dividend and a yield of 2.14%. McDonald’s’s dividend payout ratio is 55.93%.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. TD Cowen reissued an “outperform” rating and set a $326.00 target price on shares of McDonald’s in a research report on Thursday, July 27th. BTIG Research boosted their target price on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Loop Capital boosted their target price on shares of McDonald’s from $346.00 to $383.00 in a research report on Friday, July 28th. Barclays boosted their target price on shares of McDonald’s from $330.00 to $345.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, BMO Capital Markets boosted their target price on shares of McDonald’s from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $323.17.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.