Farmers & Merchants Trust Co of Chambersburg PA Cuts Holdings in Mcdonald’s Corp (NYSE:MCD)

Farmers & Merchants Trust Co of Chambersburg PA decreased its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 32.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 630 shares of the fast-food giant’s stock after selling 300 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Mcdonald’s were worth $131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aspire Private Capital LLC acquired a new stake in Mcdonald’s during the 4th quarter worth approximately $32,000. Canton Hathaway LLC acquired a new stake in Mcdonald’s during the 1st quarter worth approximately $35,000. Ashburton Jersey Ltd acquired a new stake in Mcdonald’s during the 4th quarter worth approximately $45,000. Financial Gravity Wealth Inc. acquired a new stake in Mcdonald’s during the 1st quarter worth approximately $46,000. Finally, Lenox Wealth Advisors LLC lifted its position in Mcdonald’s by 79.4% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 287 shares of the fast-food giant’s stock worth $60,000 after acquiring an additional 127 shares during the period. Institutional investors own 67.99% of the company’s stock.

MCD has been the subject of a number of recent research reports. Stephens initiated coverage on SharpSpring in a research report on Monday. They set an “equal weight” rating and a $11.00 price objective for the company. Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a research report on Friday, July 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 99 ($1.29) price objective on shares of in a research report on Friday, June 28th. UBS Group set a €36.00 ($41.86) price objective on Siemens Healthineers and gave the stock a “neutral” rating in a research report on Monday. Finally, Bank of America set a $80.00 price target on Canopy Growth and gave the company a “buy” rating in a report on Friday, June 7th. Eight investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $219.23.

In related news, insider Ian Frederick Borden sold 4,149 shares of Mcdonald’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher J. Kempczinski sold 38,729 shares of Mcdonald’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $195.21, for a total value of $7,560,288.09. Following the transaction, the insider now directly owns 11,658 shares of the company’s stock, valued at $2,275,758.18. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

MCD stock traded down $1.30 during midday trading on Wednesday, hitting $211.04. 70,842 shares of the stock were exchanged, compared to its average volume of 2,382,118. The stock’s 50-day moving average is $209.81. The stock has a market capitalization of $164.61 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.51. Mcdonald’s Corp has a fifty-two week low of $153.13 and a fifty-two week high of $218.96.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a negative return on equity of 92.99% and a net margin of 28.32%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 earnings per share. On average, equities research analysts anticipate that Mcdonald’s Corp will post 8.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, August 30th. This represents a $4.64 annualized dividend and a yield of 2.20%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

Read More: Why do analysts give a neutral rating?

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

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