Cambridge Trust Co. Sells 1,900 Shares of McDonald’s Co. (NYSE:MCD)

Cambridge Trust Co. lessened its holdings in shares of McDonald’s Co. (NYSE:MCD – Get Rating) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,370 shares of the fast-food giant’s stock after selling 1,900 shares during the period. McDonald’s comprises approximately 1.4% of Cambridge Trust Co.’s investment portfolio, making the stock its 22nd biggest position. Cambridge Trust Co.’s holdings in McDonald’s were worth $32,249,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PrairieView Partners LLC lifted its position in shares of McDonald’s by 18.5% during the 3rd quarter. PrairieView Partners LLC now owns 237 shares of the fast-food giant’s stock worth $55,000 after purchasing an additional 37 shares during the last quarter. MCF Advisors LLC lifted its position in shares of McDonald’s by 0.8% during the 3rd quarter. MCF Advisors LLC now owns 4,758 shares of the fast-food giant’s stock worth $1,098,000 after purchasing an additional 37 shares during the last quarter. Lumature Wealth Partners LLC lifted its position in shares of McDonald’s by 1.7% during the 3rd quarter. Lumature Wealth Partners LLC now owns 2,249 shares of the fast-food giant’s stock worth $519,000 after purchasing an additional 37 shares during the last quarter. Grimes & Company Inc. lifted its position in shares of McDonald’s by 0.3% during the 3rd quarter. Grimes & Company Inc. now owns 12,136 shares of the fast-food giant’s stock worth $2,800,000 after purchasing an additional 39 shares during the last quarter. Finally, Cribstone Capital Management LLC lifted its position in shares of McDonald’s by 13.4% during the 2nd quarter. Cribstone Capital Management LLC now owns 347 shares of the fast-food giant’s stock worth $86,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 66.86% of the company’s stock.

McDonald’s Trading Down 1.2 %

McDonald’s stock opened at $267.20 on Friday. The stock has a market cap of $195.46 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.13 and a beta of 0.62. The company’s 50-day moving average price is $267.15 and its two-hundred day moving average price is $262.86. McDonald’s Co. has a 52 week low of $228.34 and a 52 week high of $281.67.

McDonald’s (NYSE:MCD – Get Rating) last released its earnings results on Tuesday, January 31st. The fast-food giant reported $2.59 EPS for the quarter, beating the consensus estimate of $2.46 by $0.13. McDonald’s had a net margin of 26.65% and a negative return on equity of 120.10%. The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter last year, the company earned $2.23 EPS. McDonald’s’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts expect that McDonald’s Co. will post 10.51 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were given a dividend of $1.52 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $6.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is 72.81%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MCD. KeyCorp decreased their price objective on shares of McDonald’s from $295.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday, February 1st. Tigress Financial boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. JPMorgan Chase & Co. boosted their price target on shares of McDonald’s from $250.00 to $262.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. Stephens reiterated an “overweight” rating and set a $280.00 price target on shares of McDonald’s in a research note on Wednesday, February 1st. Finally, StockNews.com started coverage on shares of McDonald’s in a research note on Thursday. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $288.80.

Insider Activity

In other news, SVP Catherine A. Hoovel sold 2,876 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $270.00, for a total transaction of $776,520.00. Following the completion of the transaction, the senior vice president now owns 1,184 shares in the company, valued at approximately $319,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 1,396 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $265.44, for a total value of $370,554.24. Following the completion of the transaction, the executive vice president now directly owns 308 shares in the company, valued at $81,755.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Catherine A. Hoovel sold 2,876 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $270.00, for a total transaction of $776,520.00. Following the completion of the transaction, the senior vice president now owns 1,184 shares of the company’s stock, valued at $319,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,122 shares of company stock worth $2,177,681. Corporate insiders own 0.25% of the company’s stock.

About McDonald’s

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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, Russia, Spain, and the U.K.