Dorsey & Whitney Trust CO LLC Has $3.99 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Dorsey & Whitney Trust CO LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 15,638 shares of the fast-food giant’s stock after acquiring an additional 460 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in McDonald’s were worth $3,985,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Concentric Wealth Management LLC grew its position in shares of McDonald’s by 1.4% during the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after buying an additional 35 shares during the period. FinTrust Capital Advisors LLC boosted its stake in McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after acquiring an additional 36 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in McDonald’s by 1.3% in the first quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock worth $799,000 after purchasing an additional 37 shares during the period. MTM Investment Management LLC increased its stake in McDonald’s by 3.3% in the first quarter. MTM Investment Management LLC now owns 1,174 shares of the fast-food giant’s stock valued at $331,000 after purchasing an additional 38 shares in the last quarter. Finally, Weatherly Asset Management L. P. boosted its position in shares of McDonald’s by 0.9% during the 1st quarter. Weatherly Asset Management L. P. now owns 4,378 shares of the fast-food giant’s stock worth $1,234,000 after purchasing an additional 38 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research reports. Barclays dropped their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Jefferies Financial Group boosted their price objective on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus reduced their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a research note on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $304.41.

McDonald’s Stock Performance

MCD opened at $291.22 on Tuesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The firm has a 50-day moving average of $269.47 and a 200 day moving average of $270.57. The firm has a market cap of $209.88 billion, a P/E ratio of 24.72, a PEG ratio of 3.87 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the previous year, the firm earned $3.17 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Equities research analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the sale, the insider now owns 13,681 shares in the company, valued at $3,557,060. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares of the company’s stock, valued at $3,842,800. The disclosure for this sale can be found here. Insiders have sold a total of 6,291 shares of company stock worth $1,689,073 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.