First National Trust Co Has $8.34 Million Position in Mcdonald’s Corp (MCD)

First National Trust Co boosted its position in shares of Mcdonald’s Corp (NYSE:MCD) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,875 shares of the fast-food giant’s stock after purchasing an additional 1,558 shares during the period. First National Trust Co’s holdings in Mcdonald’s were worth $8,343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MCD. Fundsmith Equity Fund L.P. bought a new position in shares of Mcdonald’s in the second quarter worth about $1,191,239,000. AustralianSuper Pty Ltd bought a new position in shares of Mcdonald’s in the second quarter worth about $179,723,000. FMR LLC raised its stake in shares of Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock worth $3,052,941,000 after acquiring an additional 1,014,792 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Mcdonald’s by 30.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock worth $440,072,000 after acquiring an additional 652,752 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Mcdonald’s by 9.6% in the second quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock worth $931,884,000 after acquiring an additional 522,333 shares during the last quarter. 66.92% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. SunTrust Banks boosted their target price on shares of Mcdonald’s to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 24th. KeyCorp set a $195.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Telsey Advisory Group boosted their target price on shares of Mcdonald’s from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 24th. Morgan Stanley reaffirmed a “neutral” rating and issued a $173.00 target price on shares of Mcdonald’s in a research note on Wednesday, October 24th. Finally, Royal Bank of Canada set a $190.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Seven analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and an average target price of $188.93.

Shares of NYSE:MCD opened at $176.75 on Friday. Mcdonald’s Corp has a one year low of $146.84 and a one year high of $178.96. The company has a market cap of $137.12 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, topping the consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 130.19%. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the company earned $1.76 EPS. Mcdonald’s’s revenue was down 6.7% on a year-over-year basis. Research analysts expect that Mcdonald’s Corp will post 7.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.63%. Mcdonald’s’s payout ratio is currently 60.66%.

In related news, insider Ian Frederick Borden sold 4,782 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total transaction of $849,665.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Francesca A. Debiase sold 15,136 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $176.17, for a total transaction of $2,666,509.12. Following the transaction, the executive vice president now owns 17,306 shares of the company’s stock, valued at approximately $3,048,798.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 221,041 shares of company stock valued at $38,839,407. 0.22% of the stock is owned by corporate insiders.

Mcdonald’s Company Profile

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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

Read More: What is a bull market?

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mcdonald’s Corp (NYSE:MCD).

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

Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply