Trust Co of the South Sells 913 Shares of McDonald’s Co. (NYSE:MCD)

Trust Co of the South cut its position in McDonald’s Co. (NYSE:MCD) by 26.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,599 shares of the fast-food giant’s stock after selling 913 shares during the quarter. Trust Co of the South’s holdings in McDonald’s were worth $733,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Independent Wealth Network Inc. lifted its position in McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after buying an additional 35 shares during the last quarter. Concentric Wealth Management LLC lifted its position in shares of McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after purchasing an additional 35 shares in the last quarter. Paragon Capital Management Ltd lifted its position in shares of McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after purchasing an additional 36 shares in the last quarter. Mechanics Financial Corp lifted its position in shares of McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after purchasing an additional 36 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its position in shares of McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after purchasing an additional 36 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 2,997 shares of company stock valued at $815,145 over the last three months. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of MCD traded up $5.59 during mid-day trading on Friday, reaching $259.39. 8,194,200 shares of the company’s stock were exchanged, compared to its average volume of 3,385,125. The stock has a market capitalization of $186.94 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. The business’s fifty day simple moving average is $264.43 and its 200-day simple moving average is $280.29. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $2.63 earnings per share. Equities research analysts predict that McDonald’s Co. will post 12.19 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 17th. Investors of record on Monday, June 3rd were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. Citigroup reduced their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Robert W. Baird reduced their target price on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Truist Financial reduced their target price on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Wedbush reduced their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, KeyCorp reduced their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $315.14.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.