Diversified Trust Co Boosts Stake in McDonald’s Co. (NYSE:MCD)

Diversified Trust Co boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,917 shares of the fast-food giant’s stock after buying an additional 437 shares during the period. Diversified Trust Co’s holdings in McDonald’s were worth $2,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s during the first quarter worth $28,000. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s during the fourth quarter worth $31,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s during the fourth quarter worth $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of McDonald’s during the fourth quarter worth $39,000. Finally, Bear Mountain Capital Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.1 %

NYSE MCD traded down $0.36 on Wednesday, reaching $269.95. The stock had a trading volume of 221,389 shares, compared to its average volume of 3,564,656. The firm has a market capitalization of $194.55 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39. The stock has a fifty day moving average price of $257.76 and a two-hundred day moving average price of $271.26.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $3.17 EPS. Sell-side analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares in the company, valued at $3,557,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares in the company, valued at $3,557,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares of the company’s stock, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders sold a total of 4,794 shares of company stock worth $1,234,491 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley cut their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Bank of America cut their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price target on McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Loop Capital cut their price target on McDonald’s from $357.00 to $342.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Truist Financial cut their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $303.00.

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.