Whittier Trust Co. of Nevada Inc. trimmed its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,101 shares of the fast-food giant’s stock after selling 717 shares during the period. Mcdonald’s comprises approximately 0.9% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 25th biggest holding. Whittier Trust Co. of Nevada Inc.’s holdings in Mcdonald’s were worth $12,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Kistler Tiffany Companies LLC grew its stake in Mcdonald’s by 11.0% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,683 shares of the fast-food giant’s stock worth $576,000 after acquiring an additional 266 shares during the period. Bailard Inc. grew its stake in Mcdonald’s by 22.4% in the 3rd quarter. Bailard Inc. now owns 6,378 shares of the fast-food giant’s stock worth $1,369,000 after acquiring an additional 1,167 shares during the period. Country Club Trust Company n.a. grew its stake in Mcdonald’s by 1.2% in the 3rd quarter. Country Club Trust Company n.a. now owns 7,023 shares of the fast-food giant’s stock worth $1,497,000 after acquiring an additional 85 shares during the period. Blue Chip Wealth Management Inc. grew its stake in Mcdonald’s by 1.5% in the 3rd quarter. Blue Chip Wealth Management Inc. now owns 7,300 shares of the fast-food giant’s stock worth $1,567,000 after acquiring an additional 111 shares during the period. Finally, Tuttle Tactical Management purchased a new stake in Mcdonald’s in the 3rd quarter worth approximately $1,038,000. 67.64% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MCD traded up $1.65 during midday trading on Friday, hitting $208.50. 3,464,135 shares of the company’s stock traded hands, compared to its average volume of 3,237,356. The company has a market cap of $157.09 billion, a PE ratio of 26.39, a P/E/G ratio of 3.07 and a beta of 0.49. The firm’s fifty day moving average price is $212.48 and its two-hundred day moving average price is $206.72. Mcdonald’s Corp has a twelve month low of $166.19 and a twelve month high of $221.93.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.99 EPS. On average, equities research analysts forecast that Mcdonald’s Corp will post 7.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.25 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.00 annualized dividend and a dividend yield of 2.40%. Mcdonald’s’s payout ratio is presently 58.73%.

MCD has been the subject of several recent analyst reports. Wells Fargo & Co lifted their target price on shares of Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. KeyCorp boosted their price objective on shares of Mcdonald’s from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Cowen boosted their price objective on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Robert W. Baird boosted their price objective on shares of Mcdonald’s from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, BMO Capital Markets boosted their price objective on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $223.17.

In related news, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the transaction, the executive vice president now owns 40,129 shares in the company, valued at approximately $8,530,622.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Catherine A. Hoovel sold 457 shares of Mcdonald’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the transaction, the vice president now owns 1,348 shares in the company, valued at approximately $294,066.20. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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