1,788 Shares in McDonald’s Corporation $MCD Acquired by TrustBank

by · The Cerbat Gem

TrustBank bought a new stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,788 shares of the fast-food giant’s stock, valued at approximately $546,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Your Advocates Ltd. LLP bought a new stake in McDonald’s during the 4th quarter valued at $27,000. Park Place Capital Corp raised its holdings in McDonald’s by 95.7% during the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 45 shares during the period. DecisionPoint Financial LLC raised its holdings in McDonald’s by 1,616.7% during the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after acquiring an additional 97 shares during the period. Entrust Financial LLC bought a new stake in McDonald’s during the 4th quarter valued at $31,000. Finally, Painted Porch Advisors LLC raised its holdings in McDonald’s by 735.7% during the 3rd quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock valued at $36,000 after acquiring an additional 103 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 2,626 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $307.00, for a total transaction of $806,182.00. Following the completion of the transaction, the insider directly owned 8,400 shares in the company, valued at $2,578,800. The trade was a 23.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,585 shares of company stock worth $1,769,209. 0.26% of the stock is owned by insiders.

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

Analyst Ratings Changes

A number of brokerages have issued reports on MCD. Piper Sandler boosted their target price on shares of McDonald’s from $323.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. KeyCorp lowered their target price on shares of McDonald’s from $345.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a report on Friday, February 13th. Cfra upgraded shares of McDonald’s to a “buy” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $331.00 price target on shares of McDonald’s in a research report on Friday, May 8th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $334.45.

Get Our Latest Stock Analysis on MCD

McDonald’s Price Performance

MCD opened at $279.74 on Wednesday. The company has a fifty day moving average price of $297.94 and a 200-day moving average price of $309.05. The firm has a market capitalization of $198.76 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 2.81 and a beta of 0.43. McDonald’s Corporation has a one year low of $271.98 and a one year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. The firm had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.67 EPS. On average, analysts expect that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, June 2nd. McDonald’s’s payout ratio is 61.34%.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Featured Stories

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