Farmers Trust Co. decreases the stock position at McDonald’s Co. (NYSE:MCD)

Farmers Trust Co. reduced its stake in McDonald’s Co. (NYSE:MCD – Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,161 shares of the fast-food giant’s stock after selling 221 shares during the quarter. McDonald’s comprises about 1.5% of Farmers Trust Co.’s investment portfolio, making it its 13th largest holding. Farmers Trust Co holdings. in McDonald’s were worth $8,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have recently modified their holdings of the stock. Concentric Wealth Management LLC grew its position in shares of McDonald’s by 1.4% during the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast food giant’s stock valued at $756,000 after acquiring an additional 35 shares during that period. Founders Financial Alliance LLC boosted its holdings in shares of McDonald’s by 0.7% in the second quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock valued at $1,269,000 after purchasing an additional 36 shares during the period. 9258 Wealth Management LLC boosted its holdings in shares of McDonald’s by 1.3% in the first quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after purchasing an additional 37 shares during the period. Weatherly Asset Management LP boosted its stake in shares of McDonald’s by 0.9% in the first quarter. Weatherly Asset Management LP now owns 4,378 shares of the fast-food giant’s stock worth $1,234,000 after purchasing an additional 38 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in shares of McDonald’s by 1.3% in the first quarter. Independence Bank of Kentucky now owns 2,913 shares of the fast-food giant’s stock worth $821,000 after purchasing an additional 38 shares during the period. 70.29% of the shares are held by hedge funds and other institutional investors.

McDonald’s stock falls 0.1%

NYSE:MCD opened at $303.45 on Friday. The stock has a market cap of $218.69 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 3.99 and a beta of 0.73. McDonald’s Co. it has a 52-week low of $243.53 and a 52-week high of $306.96. The stock’s fifty day moving average is $285.63, and its two hundred day moving average is $271.71.

McDonald’s (NYSE:MCD – Get Your Free Report ) last announced 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). The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company’s revenue for the quarter was down 0.1% on a year-over-year basis. In the same quarter last year, the firm posted EPS of $3.17. On average, sell-side analysts expect that McDonald’s Co. to post 11.69 EPS for the current fiscal year.

McDonald’s is increasing its dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This is an increase from McDonald’s previous quarterly dividend of $1.67. This represents an annualized dividend of $7.08 and a dividend yield of 2.33%. The ex-dividend date is Monday, December 2. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Changes in Analyst Ratings

MCD has been the subject of a number of recent research reports. Guggenheim boosted their target price on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Goldman Sachs Group upped their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. BMO Capital Markets decreased their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Stifel Nicolaus cut their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $309.15, based on data from MarketBeat.

Get our latest McDonald’s analysis

Inside activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now owns 43,256 shares in the company, valued at approximately $13,193,080. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other news, CFO Ian Frederick Borden sold 5,939 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the sale, the chief financial officer now owns 20,403 shares of the company’s stock, valued at approximately $6,121,716.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the transaction, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,751 shares of company stock worth $9,493,973. Company insiders own 0.23% of the company’s shares.

McDonald’s profile

(Free report)

McDonald’s Corporation operates and franchises restaurants under the McDonald’s brand in the United States and internationally. 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 selling various other items during limited-time promotions.

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