McDonald’s Co. (NYSE:MCD) Shares Sold by First United Bank & Trust

First United Bank & Trust trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 4.6% during the third quarter, HoldingsChannel.com reports. The fund owned 10,370 shares of the fast-food giant’s stock after selling 498 shares during the period. McDonald’s makes up approximately 1.1% of First United Bank & Trust’s holdings, making the stock its 25th largest holding. First United Bank & Trust’s holdings in McDonald’s were worth $3,158,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cullen Investment Group LTD. grew its position in McDonald’s by 12.0% in the 1st quarter. Cullen Investment Group LTD. now owns 2,473 shares of the fast-food giant’s stock valued at $687,000 after buying an additional 265 shares during the last quarter. Rise Advisors LLC boosted its position in shares of McDonald’s by 29.4% during the 1st quarter. Rise Advisors LLC now owns 1,948 shares of the fast-food giant’s stock worth $549,000 after purchasing an additional 443 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of McDonald’s by 1.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 117,967 shares of the fast-food giant’s stock worth $33,261,000 after purchasing an additional 1,706 shares in the last quarter. New Hampshire Trust boosted its position in shares of McDonald’s by 0.6% during the 1st quarter. New Hampshire Trust now owns 21,128 shares of the fast-food giant’s stock worth $5,957,000 after purchasing an additional 134 shares in the last quarter. Finally, Alaska Permanent Fund Corp boosted its position in shares of McDonald’s by 4.9% during the 1st quarter. Alaska Permanent Fund Corp now owns 34,363 shares of the fast-food giant’s stock worth $9,689,000 after purchasing an additional 1,598 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 1.1 %

NYSE MCD opened at $313.32 on Wednesday. The stock has a market cap of $225.80 billion, a PE ratio of 26.60, a P/E/G ratio of 4.05 and a beta of 0.73. The business has a 50 day moving average price of $291.90 and a two-hundred day moving average price of $272.91. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $315.36.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $3.17 earnings per share. Sell-side analysts anticipate that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Insiders Place Their Bets

In other 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 value of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other 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 value of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,097 shares of company stock valued at $10,221,233 over the last three months. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several research reports. Barclays cut their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Truist Financial lifted their price target on McDonald’s from $295.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group lifted their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus cut their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, Tigress Financial lifted their price target on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.92.

About McDonald’s

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.