Indiana Trust & Investment Management Co Has $1.17 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Indiana Trust & Investment Management Co trimmed its stake in McDonald’s Co. (NYSE:MCD) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 4,040 shares of the fast-food giant’s stock after selling 175 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in McDonald’s were worth $1,171,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the 4th quarter valued at about $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter worth about $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $31,000. Finally, Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup upped their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Trading Up 0.6 %

NYSE MCD opened at $310.16 on Wednesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market capitalization of $222.27 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 4.08 and a beta of 0.74. The firm’s 50 day simple moving average is $291.02 and its 200 day simple moving average is $291.56.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. On average, equities research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

About McDonald’s

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, Russia, Spain, and the U.K.