Pioneer Trust Bank N A OR Sells 145 Shares of McDonald’s Corporation (NYSE:MCD)

Pioneer Trust Bank N A OR lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,091 shares of the fast-food giant’s stock after selling 145 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in McDonald’s were worth $5,339,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s during the 4th quarter worth about $25,000. Atala Financial Inc acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in shares of McDonald’s during the 4th quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald’s during the 4th quarter worth about $30,000. Finally, Abound Financial LLC acquired a new stake in shares of McDonald’s during the 1st quarter worth about $30,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $299.80 on Monday. McDonald’s Corporation has a 1 year low of $246.12 and a 1 year high of $326.32. The firm has a market cap of $214.37 billion, a PE ratio of 26.46, a PEG ratio of 3.13 and a beta of 0.53. The company has a 50 day simple moving average of $304.11 and a two-hundred day simple moving average of $302.59.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the firm posted $2.70 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. McDonald’s’s payout ratio is currently 62.49%.

Analyst Ratings Changes

Several brokerages have recently commented on MCD. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Argus cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Citigroup lifted their price objective on McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Robert W. Baird raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $322.29.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider directly owned 10,222 shares of the company’s stock, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,817 shares of company stock worth $1,165,843 over the last three months. Corporate 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.