First United Bank & Trust Trims Stake in McDonald’s Co. (NYSE:MCD)

First United Bank & Trust lessened its holdings in McDonald’s Co. (NYSE:MCD) by 1.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,060 shares of the fast-food giant’s stock after selling 162 shares during the period. McDonald’s accounts for approximately 1.2% of First United Bank & Trust’s portfolio, making the stock its 26th largest holding. First United Bank & Trust’s holdings in McDonald’s were worth $3,142,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MCD. Simon Quick Advisors LLC grew its holdings in shares of McDonald’s by 40.8% during the 1st quarter. Simon Quick Advisors LLC now owns 7,588 shares of the fast-food giant’s stock valued at $2,370,000 after purchasing an additional 2,200 shares during the last quarter. Zhang Financial LLC boosted its position in McDonald’s by 1.5% during the 1st quarter. Zhang Financial LLC now owns 2,966 shares of the fast-food giant’s stock valued at $926,000 after acquiring an additional 44 shares in the last quarter. Chris Bulman Inc bought a new position in McDonald’s in the first quarter worth $205,000. Capital Advisory Group Advisory Services LLC boosted its stake in McDonald’s by 3.7% during the first quarter. Capital Advisory Group Advisory Services LLC now owns 1,582 shares of the fast-food giant’s stock worth $494,000 after acquiring an additional 57 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its holdings in shares of McDonald’s by 3.7% during the first quarter. McKinley Carter Wealth Services Inc. now owns 12,898 shares of the fast-food giant’s stock valued at $4,029,000 after purchasing an additional 458 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $301.93 on Thursday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a market capitalization of $215.89 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The stock has a fifty day moving average of $311.84 and a two-hundred day moving average of $302.83.

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

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.34%. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

Analysts Set New Price Targets

MCD has been the subject of a number of analyst reports. Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. KeyCorp upped their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Robert W. Baird boosted their price objective on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Piper Sandler upped their price target on McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald’s in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $321.79.

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.