Indiana Trust & Investment Management CO Has $1.41 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Indiana Trust & Investment Management CO reduced its position in McDonald’s Co. (NYSE:MCD) by 3.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,987 shares of the fast-food giant’s stock after selling 175 shares during the period. Indiana Trust & Investment Management CO’s holdings in McDonald’s were worth $1,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signature Resources Capital Management LLC bought a new position in McDonald’s during the fourth quarter worth about $31,000. Spartan Planning & Wealth Management bought a new position in McDonald’s during the third quarter worth about $33,000. Clear Investment Research LLC bought a new position in McDonald’s during the fourth quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC bought a new position in McDonald’s during the fourth quarter worth about $39,000. Finally, Keener Financial Planning LLC bought a new position in McDonald’s during the fourth quarter worth about $39,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD stock traded down $3.33 during mid-day trading on Friday, hitting $254.84. The company’s stock had a trading volume of 8,902,162 shares, compared to its average volume of 3,430,136. The company’s fifty day simple moving average is $263.91 and its 200-day simple moving average is $279.67. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The company has a market cap of $183.66 billion, a PE ratio of 21.93, a P/E/G ratio of 2.90 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the business posted $2.63 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold 4,095 shares of company stock valued at $1,100,625 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on MCD shares. UBS Group reduced their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Evercore ISI restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Stifel Nicolaus cut their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Finally, The Goldman Sachs Group assumed coverage on McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $315.14.

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.