Whittier Trust Co. of Nevada Inc. Has $18.17 Million Position in McDonald’s Co. (NYSE:MCD)

Whittier Trust Co. of Nevada Inc. reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,682 shares of the fast-food giant’s stock after selling 1,962 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in McDonald’s were worth $18,174,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MCD. Stewardship Advisors LLC bought a new stake in shares of McDonald’s during the third quarter worth $239,000. Northwest Investment Counselors LLC grew its holdings in shares of McDonald’s by 6.9% during the third quarter. Northwest Investment Counselors LLC now owns 15,522 shares of the fast-food giant’s stock worth $4,727,000 after purchasing an additional 1,007 shares during the last quarter. Retirement Guys Formula LLC grew its holdings in shares of McDonald’s by 17.1% during the third quarter. Retirement Guys Formula LLC now owns 3,275 shares of the fast-food giant’s stock worth $997,000 after purchasing an additional 478 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its holdings in shares of McDonald’s by 4.5% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 159,379 shares of the fast-food giant’s stock worth $48,391,000 after purchasing an additional 6,799 shares during the last quarter. Finally, Little House Capital LLC grew its holdings in shares of McDonald’s by 9.3% during the third quarter. Little House Capital LLC now owns 5,755 shares of the fast-food giant’s stock worth $1,753,000 after purchasing an additional 491 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $446,721.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,097 shares of company stock worth $10,221,233. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MCD. Truist Financial increased their target price on McDonald’s from $295.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Tigress Financial raised their price target on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays decreased their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. TD Cowen raised their price target on McDonald’s from $280.00 to $300.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Loop Capital reiterated a “buy” rating on shares of McDonald’s in a report on Friday. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.59.

McDonald’s Price Performance

MCD stock traded down $1.44 during mid-day trading on Monday, reaching $315.12. The company had a trading volume of 1,370,836 shares, compared to its average volume of 3,347,005. The stock has a 50 day simple moving average of $294.62 and a two-hundred day simple moving average of $273.69. The company has a market capitalization of $227.10 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $6.62 billion. During the same quarter in the prior year, the business earned $3.17 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is presently 60.10%.

McDonald’s Company 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.