First American Trust FSB Has $6.87 Million Stock Position in McDonald’s Co. (NYSE:MCD)

First American Trust FSB grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,683 shares of the fast-food giant’s stock after buying an additional 556 shares during the period. First American Trust FSB’s holdings in McDonald’s were worth $6,865,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in McDonald’s during the fourth quarter worth $703,074,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares during the period. Proficio Capital Partners LLC boosted its position in shares of McDonald’s by 43,591.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock worth $171,241,000 after purchasing an additional 589,359 shares in the last quarter. Vanguard Group Inc. raised its stake in McDonald’s by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after buying an additional 526,466 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in McDonald’s by 518.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant’s stock valued at $100,916,000 after acquiring an additional 291,802 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCD. Piper Sandler cut their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Wedbush lifted their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Bank of America boosted their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $323.39.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,405 shares of company stock valued at $9,886,656. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.1 %

McDonald’s stock opened at $305.85 on Tuesday. The business’s 50 day simple moving average is $299.21 and its 200 day simple moving average is $297.65. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a market cap of $218.52 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

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.