AMG National Trust Bank Sells 54 Shares of McDonald’s Corporation $MCD

AMG National Trust Bank lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,622 shares of the fast-food giant’s stock after selling 54 shares during the quarter. AMG National Trust Bank’s holdings in McDonald’s were worth $2,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s in the first quarter worth about $26,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s in the first quarter worth about $26,000. Abound Financial LLC bought a new stake in shares of McDonald’s in the first quarter worth about $30,000. GFG Capital LLC bought a new position in shares of McDonald’s during the second quarter worth about $29,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald’s during the first quarter worth about $31,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MCD. Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective for the company. Barclays raised their target price on shares of McDonald’s from $360.00 to $362.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Citigroup decreased their target price on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. 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 report on Wednesday, August 6th. Finally, Evercore ISI raised their price target on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average target price of $323.43.

McDonald’s Stock Performance

NYSE MCD opened at $298.44 on Friday. The firm has a 50-day moving average of $305.70 and a 200-day moving average of $305.51. The stock has a market cap of $212.97 billion, a PE ratio of 25.57, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.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 EPS. As a group, analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is 63.75%.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction 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 directly owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,487 shares of company stock valued at $1,395,970. Insiders own 0.25% of the company’s stock.

McDonald’s 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.