Bath Savings Trust Co Has $9.81 Million Position in McDonald’s Corporation $MCD

Bath Savings Trust Co lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,565 shares of the fast-food giant’s stock after selling 390 shares during the period. Bath Savings Trust Co’s holdings in McDonald’s were worth $9,807,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCD. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald’s during the 4th quarter valued at $25,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s during the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the 1st quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald’s during the 4th quarter valued at $29,000. Finally, Abound Financial LLC acquired a new stake in shares of McDonald’s during the 1st quarter valued at $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $304.51 on Thursday. The firm’s 50-day moving average is $305.96 and its 200-day moving average is $306.49. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a market cap of $217.30 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 3.09 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the firm posted $2.97 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald’s’s payout ratio is presently 60.67%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MCD shares. TD Securities reissued a “hold” rating and set a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 5th. Barclays raised their price target on shares of McDonald’s from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Piper Sandler raised their price target on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Stifel Nicolaus raised their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Finally, Guggenheim restated a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $325.86.

About McDonald’s

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.