Capital City Trust Co. FL Sells 301 Shares of McDonald’s Co. (NYSE:MCD)

Capital City Trust Co. FL decreased its position in McDonald’s Co. (NYSE:MCD) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,067 shares of the fast-food giant’s stock after selling 301 shares during the period. Capital City Trust Co. FL’s holdings in McDonald’s were worth $2,628,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. McAdam LLC grew its holdings in McDonald’s by 1.7% during the 3rd quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock valued at $663,000 after buying an additional 36 shares in the last quarter. IFM Investors Pty Ltd lifted its position in McDonald’s by 0.9% in the third quarter. IFM Investors Pty Ltd now owns 144,529 shares of the fast-food giant’s stock worth $44,011,000 after buying an additional 1,333 shares during the last quarter. Valicenti Advisory Services Inc. lifted its position in McDonald’s by 27.9% in the third quarter. Valicenti Advisory Services Inc. now owns 11,679 shares of the fast-food giant’s stock worth $3,556,000 after buying an additional 2,547 shares during the last quarter. DT Investment Partners LLC increased its stake in McDonald’s by 2.8% in the third quarter. DT Investment Partners LLC now owns 4,610 shares of the fast-food giant’s stock worth $1,404,000 after purchasing an additional 126 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its stake in McDonald’s by 52.4% in the third quarter. Mount Yale Investment Advisors LLC now owns 5,288 shares of the fast-food giant’s stock worth $1,610,000 after purchasing an additional 1,818 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $304.76 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50-day simple moving average is $292.61 and its 200 day simple moving average is $293.76. The stock has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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%. On average, equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s payout ratio is currently 62.16%.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,099 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $475,176. This trade represents a 41.33 % decrease in their ownership of the stock. 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 300 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,205 shares of company stock worth $6,703,569 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MCD shares. Citigroup raised their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Barclays lifted their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

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.