McDonald’s Corporation $MCD Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,351 shares of the fast-food giant’s stock after selling 362 shares during the period. Stock Yards Bank & Trust Co.’s holdings in McDonald’s were worth $14,127,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Barrett & Company Inc. raised its position in shares of McDonald’s by 26.1% during the 2nd quarter. Barrett & Company Inc. now owns 888 shares of the fast-food giant’s stock worth $260,000 after purchasing an additional 184 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in McDonald’s by 1.3% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,325 shares of the fast-food giant’s stock worth $5,062,000 after acquiring an additional 225 shares during the period. Gray Private Wealth LLC grew its stake in McDonald’s by 4.6% in the 2nd quarter. Gray Private Wealth LLC now owns 2,284 shares of the fast-food giant’s stock worth $667,000 after acquiring an additional 100 shares during the period. Atwater Malick LLC grew its stake in McDonald’s by 0.3% in the 2nd quarter. Atwater Malick LLC now owns 39,298 shares of the fast-food giant’s stock worth $11,482,000 after acquiring an additional 117 shares during the period. Finally, Synergy Asset Management LLC grew its stake in McDonald’s by 40.2% in the 2nd quarter. Synergy Asset Management LLC now owns 4,573 shares of the fast-food giant’s stock worth $1,336,000 after acquiring an additional 1,312 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.3%

Shares of MCD opened at $300.72 on Friday. The firm has a market cap of $214.59 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.05 and a beta of 0.50. The company’s fifty day moving average is $306.93 and its two-hundred day moving average is $306.17. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $2.97 EPS. As a group, equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald’s’s payout ratio is presently 60.67%.

Wall Street Analyst Weigh In

Several research firms have commented on MCD. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 target price (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Bank of America lowered their target price on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. TD Cowen lifted their target price on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of McDonald’s in a research note on Saturday, September 27th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $325.86.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,402 shares of company stock worth $2,273,407. Insiders own 0.25% of the company’s stock.

McDonald’s Company 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.