Arlington Trust Co LLC Sells 119 Shares of McDonald’s Co. (NYSE:MCD)

Arlington Trust Co LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 9.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,188 shares of the fast-food giant’s stock after selling 119 shares during the quarter. Arlington Trust Co LLC’s holdings in McDonald’s were worth $362,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MCD. Kings Path Partners LLC bought a new position in McDonald’s in the 2nd quarter worth about $38,000. Keener Financial Planning LLC grew its stake in McDonald’s by 32.3% during the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in McDonald’s during the 2nd quarter worth approximately $59,000. Bbjs Financial Advisors LLC purchased a new stake in McDonald’s in the 2nd quarter worth approximately $65,000. Finally, Macroview Investment Management LLC boosted its holdings in McDonald’s by 433.3% in the 2nd quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock valued at $65,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the sale, the chief executive officer now owns 43,256 shares in the company, valued at $13,193,080. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,097 shares of company stock valued at $10,256,818 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MCD. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. KeyCorp lifted their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Loop Capital reiterated a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $319.46.

McDonald’s Trading Up 1.1 %

NYSE MCD traded up $3.10 during trading on Friday, hitting $295.21. The company had a trading volume of 4,131,804 shares, compared to its average volume of 3,530,975. The company’s fifty day moving average is $298.36 and its 200-day moving average is $275.78. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market cap of $211.77 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. McDonald’s’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 earnings per share. As a group, equities analysts anticipate that McDonald’s Co. will post 11.78 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. 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 2.40%. McDonald’s’s payout ratio is currently 58.65%.

McDonald’s 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.