Caldwell Trust Co Purchases New Shares in McDonald’s Corporation $MCD

Caldwell Trust Co acquired a new position in McDonald’s Corporation (NYSE:MCD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,188 shares of the fast-food giant’s stock, valued at approximately $10,573,000. McDonald’s makes up approximately 1.1% of Caldwell Trust Co’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. lifted its position in McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the second quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s during the first quarter valued at approximately $26,000. Finally, GFG Capital LLC purchased a new stake in shares of McDonald’s in the 2nd quarter worth approximately $29,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the transaction, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at $8,169,430. This represents a 39.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares of the company’s stock, valued at $1,861,832.16. The trade was a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 40,030 shares of company stock worth $12,240,570. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCD. Morgan Stanley set a $335.00 price objective on McDonald’s in a research report on Friday, October 17th. Citigroup cut their target price on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Barclays lowered their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. KeyCorp reiterated an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a research note on Monday, October 20th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of McDonald’s in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $324.57.

McDonald’s Stock Performance

NYSE MCD opened at $316.84 on Monday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a 50-day moving average of $304.98 and a 200 day moving average of $303.64. The company has a market capitalization of $225.64 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.52 and a beta of 0.52.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the business earned $3.23 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $1.86 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s payout ratio is presently 63.48%.

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, Spain, and the U.K.