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

Greenfield Savings Bank lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,718 shares of the fast-food giant’s stock after selling 142 shares during the period. McDonald’s makes up approximately 1.2% of Greenfield Savings Bank’s portfolio, making the stock its 21st largest position. Greenfield Savings Bank’s holdings in McDonald’s were worth $2,527,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of McDonald’s by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after purchasing an additional 915 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in McDonald’s by 69.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 45,805 shares of the fast-food giant’s stock valued at $11,673,000 after buying an additional 18,700 shares during the last quarter. Quilter Plc boosted its stake in McDonald’s by 6.9% during the second quarter. Quilter Plc now owns 14,264 shares of the fast-food giant’s stock worth $3,635,000 after buying an additional 916 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of McDonald’s by 34.7% during the second quarter. Brown Brothers Harriman & Co. now owns 106,432 shares of the fast-food giant’s stock valued at $27,123,000 after acquiring an additional 27,441 shares during the last quarter. Finally, Greenwich Wealth Management LLC increased its holdings in McDonald’s by 4.8% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,309 shares of the fast-food giant’s stock valued at $588,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock worth $2,829,428 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Truist Financial lowered their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Bank of America upped their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Up 0.3 %

NYSE MCD opened at $283.20 on Tuesday. The firm has a market cap of $202.95 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The business’s 50-day moving average price is $293.75 and its 200 day moving average price is $286.65.

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

McDonald’s 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.