Charter Trust Co. Lowers Stake in McDonald’s Corporation (MCD)

Charter Trust Co. lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,182 shares of the fast-food giant’s stock after selling 1,663 shares during the period. Charter Trust Co.’s holdings in McDonald’s Corporation were worth $4,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings in McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after acquiring an additional 346 shares during the period. Vigilant Capital Management LLC increased its holdings in McDonald’s Corporation by 9.4% during the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after acquiring an additional 84 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in McDonald’s Corporation during the 1st quarter worth approximately $146,000. Acrospire Investment Management LLC bought a new stake in McDonald’s Corporation during the 2nd quarter worth approximately $153,000. Finally, Hudock Capital Group LLC increased its holdings in McDonald’s Corporation by 5.9% during the 1st quarter. Hudock Capital Group LLC now owns 1,493 shares of the fast-food giant’s stock worth $193,000 after acquiring an additional 83 shares during the period. 67.92% of the stock is currently owned by institutional investors.

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A number of analysts recently weighed in on the stock. Credit Suisse Group set a $170.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday. Sanford C. Bernstein set a $180.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Tuesday. Mizuho reaffirmed a “buy” rating and set a $173.00 target price (up previously from $170.00) on shares of McDonald’s Corporation in a report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a report on Friday, September 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $170.00 target price on shares of McDonald’s Corporation in a report on Friday, September 1st. Twelve analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. McDonald’s Corporation presently has an average rating of “Buy” and an average price target of $162.26.

In other news, CFO Kevin M. Ozan sold 25,322 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock valued at $11,033,009 over the last three months. Insiders own 0.24% of the company’s stock.

Shares of McDonald’s Corporation (MCD) traded up 1.29% on Wednesday, reaching $159.46. 1,554,567 shares of the company’s stock traded hands. The stock has a 50-day moving average of $157.70 and a 200 day moving average of $147.07. The firm has a market cap of $129.16 billion, a P/E ratio of 26.10 and a beta of 0.70. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $161.72.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. On average, equities research analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, September 1st were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

McDonald’s Corporation Profile

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.

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

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