Private Trust Co. NA Has $2.89 Million Stake in McDonald's Co. (MCD)
Private Trust Co. NA trimmed its holdings in shares of McDonald's Co. (NYSE:MCD) by 6.9% during the fourth quarter, Holdings Channel reports. The fund owned 16,820 shares of the fast-food giant’s stock after selling 1,242 shares during the quarter. Private Trust Co. NA’s holdings in McDonald's were worth $2,894,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in McDonald's by 1.6% in the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after buying an additional 906,303 shares during the last quarter. BlackRock Inc. grew its holdings in shares of McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after purchasing an additional 1,586,761 shares during the last quarter. Capital World Investors grew its holdings in shares of McDonald's by 2.8% during the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after purchasing an additional 606,232 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of McDonald's by 15.0% during the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after purchasing an additional 1,572,074 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of McDonald's by 3.1% during the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after purchasing an additional 360,212 shares during the last quarter. 67.23% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Shares of McDonald's Co. (MCD) opened at $160.66 on Friday. The firm has a market capitalization of $128,080.00, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.59. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald's Co. has a 52-week low of $126.58 and a 52-week high of $178.70.
McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share. equities analysts predict that McDonald's Co. will post 7.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $1.01 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.51%. McDonald's’s dividend payout ratio (DPR) is 47.64%.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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