McDonald’s Corporation $MCD Holdings Cut by Bath Savings Trust Co

Bath Savings Trust Co lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,565 shares of the fast-food giant’s stock after selling 390 shares during the period. Bath Savings Trust Co’s holdings in McDonald’s were worth $9,807,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MCD. Brighton Jones LLC lifted its holdings in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in McDonald’s by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after acquiring an additional 27,774 shares during the last quarter. GHE LLC lifted its holdings in McDonald’s by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant’s stock worth $4,255,000 after acquiring an additional 136 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. lifted its holdings in McDonald’s by 1.3% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 11,546 shares of the fast-food giant’s stock worth $3,347,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,341 shares of company stock worth $2,544,327. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $304.51 on Thursday. The stock has a market capitalization of $217.30 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 3.09 and a beta of 0.50. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a 50 day moving average price of $305.96 and a 200 day moving average price of $306.49.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $2.97 earnings per share. On average, sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MCD shares. Barclays raised their price target on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Piper Sandler raised their price target on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Bank of America dropped their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. 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 on the stock in a research note on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $325.86.

McDonald’s Company 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.