Adirondack Trust Co. Sells 115 Shares of McDonald’s Co. (NYSE:MCD)

Adirondack Trust Co. lessened its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,164 shares of the fast-food giant’s stock after selling 115 shares during the quarter. McDonald’s accounts for about 1.6% of Adirondack Trust Co.’s investment portfolio, making the stock its 16th largest position. Adirondack Trust Co.’s holdings in McDonald’s were worth $3,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Signature Resources Capital Management LLC acquired a new stake in McDonald’s during the 4th quarter valued at $31,000. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $33,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at $38,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at $39,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,096 shares of company stock valued at $1,127,678. 0.23% of the stock is owned by insiders.

McDonald’s Trading Down 0.9 %

Shares of McDonald’s stock traded down $2.22 during trading on Tuesday, reaching $251.29. The stock had a trading volume of 470,817 shares, compared to its average volume of 3,315,178. The stock has a fifty day moving average price of $265.62 and a two-hundred day moving average price of $281.12. The company has a market capitalization of $181.10 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 2.86 and a beta of 0.72. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.63 EPS. On average, equities analysts forecast that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MCD shares. Citigroup lowered their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Truist Financial reduced their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley reduced their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Evercore ISI restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $315.14.

Read Our Latest Stock Report on MCD

McDonald’s Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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