McDonald’s Co. (NYSE:MCD) Shares Sold by Piscataqua Savings Bank

Piscataqua Savings Bank decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 20.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,521 shares of the fast-food giant’s stock after selling 881 shares during the quarter. Piscataqua Savings Bank’s holdings in McDonald’s were worth $1,051,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Osterweis Capital Management Inc. acquired a new position in shares of McDonald’s during the fourth quarter valued at $25,000. Grey Fox Wealth Advisors LLC boosted its position in shares of McDonald’s by 102.0% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 101 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 51 shares in the last quarter. Ridgewood Investments LLC bought a new stake in McDonald’s during the first quarter worth approximately $32,000. Retirement Group LLC purchased a new stake in shares of McDonald’s during the fourth quarter valued at $37,000. Finally, Kepos Capital LP acquired a new position in shares of McDonald’s in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

McDonald’s Trading Down 0.2 %

NYSE:MCD opened at $277.71 on Tuesday. McDonald’s Co. has a 1-year low of $230.58 and a 1-year high of $299.35. The firm has a market capitalization of $202.38 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 2.71 and a beta of 0.64. The business’s 50-day moving average price is $287.27 and its two-hundred day moving average price is $286.22.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.40. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.30 billion. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. McDonald’s’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.55 EPS. Sell-side analysts predict that McDonald’s Co. will post 11.49 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, September 1st were paid a $1.52 dividend. The ex-dividend date was Thursday, August 31st. This represents a $6.08 dividend on an annualized basis and a yield of 2.19%. McDonald’s’s payout ratio is 55.93%.

Analysts Set New Price Targets

Several research analysts recently weighed in on MCD shares. TD Cowen reissued an “outperform” rating and set a $326.00 price target on shares of McDonald’s in a research report on Thursday, July 27th. Loop Capital boosted their price objective on shares of McDonald’s from $346.00 to $383.00 in a research report on Friday, July 28th. Wedbush reissued an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research report on Friday, July 28th. Tigress Financial raised their price target on McDonald’s from $330.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Finally, Royal Bank of Canada raised their price objective on shares of McDonald’s from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $323.17.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $289.52, for a total transaction of $868,560.00. Following the sale, the executive vice president now directly owns 1,605 shares in the company, valued at approximately $464,679.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $282.54, for a total value of $194,387.52. Following the sale, the executive vice president now directly owns 20,019 shares in the company, valued at $5,656,168.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 3,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $289.52, for a total value of $868,560.00. Following the transaction, the executive vice president now owns 1,605 shares of the company’s stock, valued at $464,679.60. The disclosure for this sale can be found here. Insiders have sold a total of 18,149 shares of company stock valued at $5,257,201 over the last 90 days. 0.18% of the stock is owned by company insiders.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.