Whittier Trust Co. of Nevada Inc. Reduces Stock Position in McDonald’s Co. (NYSE:MCD)

Whittier Trust Co. of Nevada Inc. reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,682 shares of the fast-food giant’s stock after selling 1,962 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in McDonald’s were worth $18,174,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Stewardship Advisors LLC purchased a new stake in McDonald’s in the 3rd quarter worth approximately $239,000. Northwest Investment Counselors LLC lifted its stake in McDonald’s by 6.9% in the 3rd quarter. Northwest Investment Counselors LLC now owns 15,522 shares of the fast-food giant’s stock worth $4,727,000 after purchasing an additional 1,007 shares in the last quarter. Retirement Guys Formula LLC lifted its stake in McDonald’s by 17.1% in the 3rd quarter. Retirement Guys Formula LLC now owns 3,275 shares of the fast-food giant’s stock worth $997,000 after purchasing an additional 478 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its stake in McDonald’s by 4.5% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 159,379 shares of the fast-food giant’s stock worth $48,391,000 after purchasing an additional 6,799 shares in the last quarter. Finally, Little House Capital LLC lifted its stake in McDonald’s by 9.3% in the 3rd quarter. Little House Capital LLC now owns 5,755 shares of the fast-food giant’s stock worth $1,753,000 after purchasing an additional 491 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Down 0.5 %

McDonald’s stock traded down $1.44 during mid-day trading on Monday, reaching $315.12. 1,370,836 shares of the company’s stock traded hands, compared to its average volume of 3,347,005. The company has a market cap of $227.10 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 4.05 and a beta of 0.73. The stock has a 50 day moving average of $294.62 and a two-hundred day moving average of $273.69. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the firm earned $3.17 EPS. The company’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MCD. Citigroup raised their price objective on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Loop Capital restated a “buy” rating on shares of McDonald’s in a research report on Friday. The Goldman Sachs Group increased their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Barclays reduced their target price on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Finally, Truist Financial increased their target price on shares of McDonald’s from $295.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $318.59.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now owns 43,256 shares of the company’s stock, valued at $13,193,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,097 shares of company stock valued at $10,221,233. 0.23% of the stock is owned by insiders.

About McDonald’s

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.