First National Bank of Mount Dora Trust Investment Services Acquires 227 Shares of McDonald’s Corporation $MCD
by Renee Jackson · The Cerbat GemFirst National Bank of Mount Dora Trust Investment Services grew its holdings in McDonald’s Corporation (NYSE:MCD – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,039 shares of the fast-food giant’s stock after purchasing an additional 227 shares during the period. McDonald’s makes up about 1.5% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 26th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in McDonald’s were worth $6,439,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of McDonald’s by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Quotient Wealth Partners LLC grew its holdings in McDonald’s by 10.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock worth $817,000 after acquiring an additional 258 shares during the last quarter. SSA Swiss Advisors AG bought a new stake in McDonald’s in the 1st quarter worth $175,000. Finally, GAMMA Investing LLC grew its holdings in McDonald’s by 25.3% in the 1st quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock worth $3,498,000 after acquiring an additional 2,261 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.
Analyst Upgrades and Downgrades
MCD has been the topic of several research reports. Piper Sandler lifted their price objective on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Guggenheim cut their target price on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a research report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $324.27.
View Our Latest Research Report on MCD
McDonald’s Trading Up 0.0%
Shares of MCD opened at $305.33 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company has a market cap of $217.88 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.22 and a beta of 0.50. The company’s fifty day simple moving average is $306.24 and its 200-day simple moving average is $305.58.
McDonald’s (NYSE:MCD – Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.
McDonald’s Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.
Insider Buying and Selling at McDonald’s
In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock valued at $1,973,407 in the last 90 days. Insiders own 0.25% of the company’s stock.
McDonald’s Profile
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.
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