Trust Co Lowers Position in McDonald's Co. (MCD)

Trust Co reduced its position in McDonald's Co. (NYSE:MCD) by 10.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,999 shares of the fast-food giant’s stock after selling 2,476 shares during the period. Trust Co’s holdings in McDonald's were worth $3,447,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MCD. Jennison Associates LLC grew its holdings in McDonald's by 681.3% during the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares in the last quarter. Janus Henderson Group PLC grew its holdings in McDonald's by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares in the last quarter. FMR LLC grew its holdings in McDonald's by 72.9% during the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares in the last quarter. Alliancebernstein L.P. grew its holdings in McDonald's by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after buying an additional 3,110,669 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares in the last quarter. Institutional investors and hedge funds own 67.23% of the company’s stock.

In other news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the company. Citigroup boosted their price objective on McDonald's from $167.00 to $176.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Deutsche Bank boosted their price objective on McDonald's to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Barclays cut their price objective on McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. JPMorgan Chase & Co. set a $184.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $195.00 price objective (up previously from $180.00) on shares of McDonald's in a report on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. McDonald's currently has a consensus rating of “Buy” and a consensus price target of $184.95.

Shares of McDonald's Co. (NYSE MCD) opened at $157.16 on Wednesday. The firm has a market capitalization of $125,787.91, a price-to-earnings ratio of 24.71, a P/E/G ratio of 2.29 and a beta of 0.59. McDonald's Co. has a 12 month low of $126.40 and a 12 month high of $178.70. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. analysts predict that McDonald's Co. will post 7.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.57%. McDonald's’s payout ratio is 63.52%.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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