Midwest Trust Co Makes New Investment in McDonald’s Corporation $MCD

Midwest Trust Co purchased a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 213,961 shares of the fast-food giant’s stock, valued at approximately $62,513,000. McDonald’s comprises 0.9% of Midwest Trust Co’s investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also recently modified their holdings of MCD. Decker Retirement Planning Inc. boosted its position in McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 2nd quarter valued at approximately $25,000. HFM Investment Advisors LLC acquired a new stake in McDonald’s during the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new stake in shares of McDonald’s in the 1st quarter valued at $26,000. Finally, GFG Capital LLC acquired a new stake in shares of McDonald’s in the second quarter worth $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on MCD shares. Mizuho raised shares of McDonald’s to a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada began coverage on McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target on the stock. Truist Financial reduced their price objective on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Bank of America lowered their target price on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $323.91.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $299.71 on Friday. The firm has a 50-day simple moving average of $304.39 and a two-hundred day simple moving average of $305.04. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The company has a market cap of $213.88 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $3.23 earnings per share. Equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is currently 63.48%.

Insider Transactions at McDonald’s

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. This represents a 90.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,134 shares of company stock valued at $4,570,716 in the last three months. 0.25% of the stock is currently owned by company insiders.

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.