New Hampshire Trust Has $5.78 Million Holdings in McDonald’s Corporation $MCD

New Hampshire Trust lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,783 shares of the fast-food giant’s stock after selling 35 shares during the period. McDonald’s accounts for about 1.2% of New Hampshire Trust’s investment portfolio, making the stock its 21st biggest holding. New Hampshire Trust’s holdings in McDonald’s were worth $5,780,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s in the 1st quarter valued at approximately $26,000. GFG Capital LLC bought a new position in shares of McDonald’s in the 2nd quarter valued at approximately $29,000. Abound Financial LLC bought a new position in shares of McDonald’s in the 1st quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald’s in the 1st quarter valued at $31,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 0.3%

Shares of MCD opened at $306.05 on Friday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm has a market capitalization of $218.39 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.23 and a beta of 0.50. The stock’s 50-day moving average price is $306.49 and its 200 day moving average price is $305.65.

McDonald’s (NYSE:MCD) last posted its quarterly 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. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is presently 60.67%.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,463 shares of company stock worth $1,692,186 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MCD shares. Piper Sandler reiterated a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a research note on Wednesday. TD Cowen raised their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Stifel Nicolaus increased their target price on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Royal Bank Of Canada assumed coverage on McDonald’s in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price for the company. Finally, Citigroup decreased their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $324.50.

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.