Capital City Trust Co. FL trimmed its holdings in shares of McDonald's Co. (NYSE:MCD) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,350 shares of the fast-food giant’s stock after selling 357 shares during the quarter. McDonald's comprises approximately 1.1% of Capital City Trust Co. FL’s holdings, making the stock its 29th largest holding. Capital City Trust Co. FL’s holdings in McDonald's were worth $2,561,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board lifted its stake in McDonald's by 1.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after acquiring an additional 4,300 shares during the period. Teacher Retirement System of Texas lifted its stake in McDonald's by 10.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after acquiring an additional 44,899 shares during the period. Tredje AP fonden lifted its stake in McDonald's by 26.7% during the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after acquiring an additional 25,380 shares during the period. Beaton Management Co. Inc. acquired a new stake in McDonald's during the 2nd quarter valued at approximately $555,000. Finally, Buckingham Asset Management LLC lifted its stake in McDonald's by 157.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 11,604 shares during the period. Institutional investors and hedge funds own 67.23% of the company’s stock.
In other news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
Shares of McDonald's Co. (NYSE:MCD) opened at $157.79 on Tuesday. McDonald's Co. has a 1-year low of $126.40 and a 1-year high of $178.70. The stock has a market cap of $125,790.00, a price-to-earnings ratio of 24.81, a PEG ratio of 2.29 and a beta of 0.59. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.
McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. equities research analysts forecast that McDonald's Co. will post 7.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Wednesday, February 28th. McDonald's’s payout ratio is 63.52%.
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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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