McDonald’s Co. (NYSE:MCD) Shares Sold by Emprise Bank

Emprise Bank lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 14.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,177 shares of the fast-food giant’s stock after selling 206 shares during the period. Emprise Bank’s holdings in McDonald’s were worth $341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management grew its holdings in McDonald’s by 20.4% during the 4th quarter. Brookstone Capital Management now owns 72,892 shares of the fast-food giant’s stock worth $21,131,000 after acquiring an additional 12,363 shares in the last quarter. City State Bank boosted its holdings in shares of McDonald’s by 10.4% in the 4th quarter. City State Bank now owns 2,505 shares of the fast-food giant’s stock valued at $726,000 after buying an additional 235 shares in the last quarter. Trust Co. of Toledo NA OH boosted its holdings in shares of McDonald’s by 1.8% in the 4th quarter. Trust Co. of Toledo NA OH now owns 37,039 shares of the fast-food giant’s stock valued at $10,737,000 after buying an additional 644 shares in the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of McDonald’s by 72.4% in the 4th quarter. Fiduciary Alliance LLC now owns 7,549 shares of the fast-food giant’s stock valued at $2,188,000 after buying an additional 3,171 shares in the last quarter. Finally, Matrix Trust Co boosted its holdings in shares of McDonald’s by 25.2% in the 4th quarter. Matrix Trust Co now owns 7,485 shares of the fast-food giant’s stock valued at $2,170,000 after buying an additional 1,507 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.3 %

Shares of McDonald’s stock traded down $0.71 during mid-day trading on Monday, hitting $281.60. 802,397 shares of the stock were exchanged, compared to its average volume of 2,716,937. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market capitalization of $201.80 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. The company has a 50-day simple moving average of $293.94 and a 200 day simple moving average of $286.47.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. BMO Capital Markets upped their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price target 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. Evercore ISI upped their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

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.