Charles Schwab Trust Co Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

Charles Schwab Trust Co lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 35.4% in the first quarter, HoldingsChannel reports. The firm owned 1,454 shares of the fast-food giant’s stock after selling 797 shares during the quarter. Charles Schwab Trust Co’s holdings in McDonald’s were worth $454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in McDonald’s in the 4th quarter worth approximately $64,805,000. Revolve Wealth Partners LLC raised its holdings in McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 52 shares during the last quarter. Avitas Wealth Management LLC lifted its stake in shares of McDonald’s by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 21,656 shares of the fast-food giant’s stock worth $6,278,000 after purchasing an additional 123 shares during the period. Finally, Cassia Capital Partners LLC grew its position in shares of McDonald’s by 44.3% in the fourth quarter. Cassia Capital Partners LLC now owns 2,985 shares of the fast-food giant’s stock valued at $865,000 after purchasing an additional 917 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MCD shares. Truist Financial set a $350.00 target price on McDonald’s in a research note on Friday, May 2nd. TD Securities reaffirmed a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research note on Thursday. Morgan Stanley cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Wedbush raised their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Erste Group Bank lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.13.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

Shares of MCD opened at $311.70 on Thursday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market cap of $222.88 billion, a PE ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.56. The stock’s 50-day moving average is $312.49 and its two-hundred day moving average is $302.34.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the firm earned $2.70 earnings per share. The company’s revenue was down 3.5% on a year-over-year basis. On average, research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.27%. McDonald’s’s dividend payout ratio is presently 62.49%.

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.