Peoples Financial Services CORP. Sells 2,500 Shares of McDonald’s Corporation (MCD)

Peoples Financial Services CORP. cut its stake in McDonald’s Corporation (NYSE:MCD) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,398 shares of the fast-food giant’s stock after selling 2,500 shares during the period. McDonald’s Corporation comprises 2.2% of Peoples Financial Services CORP.’s holdings, making the stock its 11th largest position. Peoples Financial Services CORP.’s holdings in McDonald’s Corporation were worth $3,737,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares during the period. Vigilant Capital Management LLC raised its position in shares of McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the period. Zions Bancorporation raised its position in shares of McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth approximately $131,000. Finally, D Orazio & Associates Inc. raised its position in shares of McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 67.52% of the company’s stock.

Shares of McDonald’s Corporation (NYSE:MCD) traded up 0.43% during midday trading on Friday, hitting $157.30. The company’s stock had a trading volume of 2,925,044 shares. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The company has a market cap of $127.41 billion, a P/E ratio of 25.75 and a beta of 0.70. The company has a 50-day moving average price of $154.85 and a 200 day moving average price of $140.61.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Corporation will post $6.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.

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A number of research analysts have recently commented on MCD shares. Nomura upped their price target on McDonald’s Corporation from $136.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, April 20th. Vetr upgraded McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 price target for the company in a report on Tuesday, April 18th. Deutsche Bank AG reiterated a “buy” rating and set a $155.00 price target on shares of McDonald’s Corporation in a report on Wednesday, April 26th. Instinet reiterated a “buy” rating and set a $146.00 price target (up from $136.00) on shares of McDonald’s Corporation in a report on Saturday, April 22nd. Finally, BTIG Research boosted their price objective on McDonald’s Corporation from $137.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $162.16.

In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total value of $2,739,831.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 10,793 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the sale, the insider now directly owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,156 shares of company stock valued at $10,281,996. 0.24% of the stock is currently owned by insiders.

McDonald’s Corporation Company Profile

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.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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