McDonald’s Co. (NYSE:MCD) Stock Holdings Lowered by Trust Co of the South

Trust Co of the South decreased its holdings in McDonald’s Co. (NYSE:MCD) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,517 shares of the fast-food giant’s stock after selling 82 shares during the quarter. Trust Co of the South’s holdings in McDonald’s were worth $730,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MCD. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the 3rd quarter valued at $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s during the third quarter valued at $72,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MCD shares. Bank of America boosted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Barclays upped their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their price target on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.65.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,551 shares of company stock valued at $3,120,554 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.8 %

McDonald’s stock traded up $2.20 during trading hours on Thursday, hitting $292.09. The stock had a trading volume of 1,684,270 shares, compared to its average volume of 3,443,814. The company has a 50-day moving average of $294.75 and a two-hundred day moving average of $284.60. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market cap of $209.32 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

About McDonald’s

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.