First Hawaiian Bank Sells 1,806 Shares of McDonald’s Co. (NYSE:MCD)

First Hawaiian Bank trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,549 shares of the fast-food giant’s stock after selling 1,806 shares during the period. First Hawaiian Bank’s holdings in McDonald’s were worth $3,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Signature Resources Capital Management LLC bought a new position in McDonald’s during the fourth quarter valued at about $31,000. Spartan Planning & Wealth Management bought a new position in McDonald’s during the third quarter valued at about $33,000. Clear Investment Research LLC bought a new position in McDonald’s during the fourth quarter valued at about $38,000. Keener Financial Planning LLC bought a new position in McDonald’s during the fourth quarter valued at about $39,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in McDonald’s during the fourth quarter valued at about $39,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

MCD opened at $250.79 on Thursday. The firm has a 50 day simple moving average of $264.89 and a 200 day simple moving average of $280.67. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a market cap of $180.74 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. The business’s revenue was up 4.6% on a year-over-year basis. As a group, analysts expect that McDonald’s Co. will post 12.19 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on McDonald’s from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. TD Cowen reissued a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 13th. Bank of America lowered their target price on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Finally, UBS Group reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $315.14.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,096 shares of company stock worth $1,127,678. Insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It 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 sells various other products during limited-time promotions.