Whittier Trust Co. of Nevada Inc. Sells 3,183 Shares of McDonald’s Corporation $MCD

Whittier Trust Co. of Nevada Inc. cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,391 shares of the fast-food giant’s stock after selling 3,183 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in McDonald’s were worth $15,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in McDonald’s by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant’s stock worth $21,993,689,000 after acquiring an additional 239,753 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in McDonald’s by 16.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,341,460 shares of the fast-food giant’s stock worth $2,917,993,000 after acquiring an additional 1,344,954 shares during the last quarter. Northern Trust Corp grew its holdings in McDonald’s by 1.1% during the 1st quarter. Northern Trust Corp now owns 8,965,159 shares of the fast-food giant’s stock worth $2,800,447,000 after acquiring an additional 97,966 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in McDonald’s by 2.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,142,473 shares of the fast-food giant’s stock worth $1,606,354,000 after acquiring an additional 123,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in McDonald’s by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant’s stock worth $1,556,485,000 after acquiring an additional 815,768 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 0.0%

Shares of NYSE MCD opened at $307.94 on Tuesday. The firm has a market cap of $219.75 billion, a PE ratio of 26.39, a P/E/G ratio of 3.25 and a beta of 0.50. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The company’s fifty day simple moving average is $306.36 and its 200 day simple moving average is $305.47.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. BMO Capital Markets increased their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Melius started coverage on shares of McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. Morgan Stanley set a $335.00 price objective on shares of McDonald’s in a research report on Friday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and a consensus target price of $324.68.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock valued at $1,973,407 in 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.