McDonald’s Corporation $MCD Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown cut its position in McDonald’s Corporation (NYSE:MCD) by 3.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 10,651 shares of the fast-food giant’s stock after selling 370 shares during the period. McDonald’s makes up 0.6% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 24th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in McDonald’s were worth $3,112,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. HFM Investment Advisors LLC acquired a new position in McDonald’s in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $26,000. Abound Financial LLC acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the 1st quarter worth approximately $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in McDonald’s in the 1st quarter valued at approximately $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Down 1.0%

Shares of NYSE MCD opened at $300.81 on Thursday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The company has a market cap of $214.66 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.09 and a beta of 0.51. The stock has a fifty day moving average price of $306.78 and a 200 day moving average price of $306.21.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $2.97 earnings per share. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid 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 dividend payout ratio (DPR) is currently 60.67%.

Analyst Ratings Changes

A number of research firms recently issued reports on MCD. Piper Sandler upped their target price on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Bank of America reduced their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. BMO Capital Markets increased their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Truist Financial increased their price target on McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, KeyCorp reissued an “overweight” rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $325.86.

Insiders Place Their Bets

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock valued at $2,273,407 over the last ninety days. Insiders own 0.25% of the company’s stock.

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.