Coastline Trust Co Sells 363 Shares of McDonald’s Co. (NYSE:MCD)

Coastline Trust Co trimmed its position in McDonald’s Co. (NYSE:MCD) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,148 shares of the fast-food giant’s stock after selling 363 shares during the period. Coastline Trust Co’s holdings in McDonald’s were worth $3,811,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc raised its position in McDonald’s by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock worth $1,031,000 after purchasing an additional 385 shares during the period. McIlrath & Eck LLC lifted its stake in shares of McDonald’s by 11.6% in the 3rd quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant’s stock valued at $468,000 after acquiring an additional 160 shares during the last quarter. Virtu Financial LLC purchased a new stake in McDonald’s during the 3rd quarter valued at about $1,647,000. Diamant Asset Management Inc. grew its position in McDonald’s by 1.9% during the 3rd quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant’s stock worth $2,906,000 after acquiring an additional 180 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new position in McDonald’s in the 3rd quarter worth approximately $394,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Citigroup decreased their price objective on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Robert W. Baird reduced their price target on McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. BMO Capital Markets lifted their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Securities reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $322.87.

McDonald’s Price Performance

NYSE MCD opened at $310.82 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a market capitalization of $222.07 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.62. The business’s fifty day moving average price is $307.38 and its 200-day moving average price is $299.35.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

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.