McDonald’s Co. (NYSE:MCD) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,480 shares of the fast-food giant’s stock after purchasing an additional 3,056 shares during the period. McDonald’s accounts for approximately 1.1% of Massmutual Trust Co. FSB ADV’s investment portfolio, making the stock its 18th biggest holding. Massmutual Trust Co. FSB ADV’s holdings in McDonald’s were worth $38,210,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Trust Co. of Toledo NA OH raised its stake in McDonald’s by 0.3% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 36,395 shares of the fast-food giant’s stock worth $11,083,000 after acquiring an additional 113 shares during the last quarter. Abacus Planning Group Inc. raised its stake in shares of McDonald’s by 7.2% during the 3rd quarter. Abacus Planning Group Inc. now owns 3,568 shares of the fast-food giant’s stock valued at $1,087,000 after buying an additional 241 shares during the last quarter. Ables Iannone Moore & Associates Inc. raised its stake in shares of McDonald’s by 4.7% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 8,575 shares of the fast-food giant’s stock valued at $2,611,000 after buying an additional 386 shares during the last quarter. Appleton Partners Inc. MA grew its position in shares of McDonald’s by 9.1% during the 3rd quarter. Appleton Partners Inc. MA now owns 19,241 shares of the fast-food giant’s stock valued at $5,859,000 after acquiring an additional 1,603 shares during the period. Finally, Jacobs & Co. CA grew its position in shares of McDonald’s by 5.0% during the 3rd quarter. Jacobs & Co. CA now owns 43,238 shares of the fast-food giant’s stock valued at $13,166,000 after acquiring an additional 2,072 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The disclosure for this sale can be found here. Insiders sold 31,751 shares of company stock worth $9,493,973 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.3 %

Shares of MCD stock opened at $303.82 on Thursday. The firm has a fifty day moving average price of $284.59 and a 200 day moving average price of $271.49. The company has a market cap of $218.96 billion, a P/E ratio of 25.79, a PEG ratio of 3.99 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $306.96.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the company earned $3.17 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Co. will post 11.69 EPS for the current 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 paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 60.10%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCD. Truist Financial dropped their target price 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. Stifel Nicolaus dropped their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Bank of America lowered their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Tuesday, September 10th. Finally, Guggenheim lifted their price objective on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.15.

About McDonald’s

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.