McDonald’s Co. (NYSE:MCD) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,390 shares of the fast-food giant’s stock after selling 159 shares during the period. First Hawaiian Bank’s holdings in McDonald’s were worth $2,903,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald’s in the first quarter valued at $28,000. Signature Resources Capital Management LLC purchased a new position in shares of McDonald’s during the 4th quarter worth about $31,000. Clear Investment Research LLC purchased a new position in shares of McDonald’s during the 4th quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $39,000. Finally, Keener Financial Planning LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $39,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent research reports. Evercore ISI lowered their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Monday, July 29th. BMO Capital Markets lowered their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Jefferies Financial Group decreased their price target on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Finally, Barclays decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,594 shares of company stock worth $1,454,507. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

Shares of NYSE MCD traded down $8.24 during midday trading on Monday, reaching $268.45. 6,739,621 shares of the company traded hands, compared to its average volume of 3,606,691. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39. The stock has a 50-day moving average price of $255.91 and a 200 day moving average price of $272.65. The company has a market cap of $193.47 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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 178.92%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the firm earned $3.17 earnings per share. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts expect that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.49%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

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.