AMG National Trust Bank Decreases Stock Holdings in McDonald’s Co. (NYSE:MCD)

AMG National Trust Bank reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 11.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,172 shares of the fast-food giant’s stock after selling 1,216 shares during the quarter. AMG National Trust Bank’s holdings in McDonald’s were worth $2,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC boosted its stake in McDonald’s by 10.4% in the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after acquiring an additional 282 shares during the last quarter. Twin Capital Management Inc. grew its stake in shares of McDonald’s by 1.5% during the 1st quarter. Twin Capital Management Inc. now owns 3,274 shares of the fast-food giant’s stock worth $923,000 after acquiring an additional 47 shares during the period. Vaughan David Investments LLC IL increased its holdings in McDonald’s by 7.5% in the 1st quarter. Vaughan David Investments LLC IL now owns 6,323 shares of the fast-food giant’s stock worth $1,783,000 after acquiring an additional 442 shares during the last quarter. Ossiam raised its stake in McDonald’s by 34.9% in the 1st quarter. Ossiam now owns 22,951 shares of the fast-food giant’s stock valued at $6,471,000 after acquiring an additional 5,935 shares during the period. Finally, Boulder Hill Capital Management LP bought a new position in McDonald’s during the first quarter worth about $3,778,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on MCD shares. Jefferies Financial Group upped their price target on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Morgan Stanley lifted their price objective on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Truist Financial lowered their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. UBS Group upped their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $319.46.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This trade represents a 48.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This trade represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,596 shares of company stock worth $10,698,289. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Down 0.5 %

Shares of MCD opened at $291.10 on Tuesday. The stock has a market capitalization of $208.61 billion, a P/E ratio of 25.56, a PEG ratio of 3.89 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a fifty day simple moving average of $300.06 and a two-hundred day simple moving average of $277.60.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the business earned $3.19 EPS. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts expect that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is presently 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.