Stonebridge Capital Management Inc. Has $548,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Stonebridge Capital Management Inc. reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,890 shares of the fast-food giant’s stock after selling 100 shares during the period. Stonebridge Capital Management Inc.’s holdings in McDonald’s were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MCD. Flywheel Private Wealth LLC acquired a new stake in shares of McDonald’s during the 4th quarter valued at $257,000. RMR Wealth Builders boosted its position in McDonald’s by 10.5% during the fourth quarter. RMR Wealth Builders now owns 5,611 shares of the fast-food giant’s stock worth $1,626,000 after purchasing an additional 535 shares during the period. Essex Savings Bank grew its holdings in McDonald’s by 0.7% during the fourth quarter. Essex Savings Bank now owns 7,330 shares of the fast-food giant’s stock valued at $2,125,000 after purchasing an additional 49 shares during the last quarter. Stolper Co lifted its stake in shares of McDonald’s by 1.1% in the fourth quarter. Stolper Co now owns 6,988 shares of the fast-food giant’s stock worth $2,026,000 after buying an additional 76 shares during the last quarter. Finally, ERn Financial LLC raised its holdings in McDonald’s by 3.0% in the 4th quarter. ERn Financial LLC now owns 1,624 shares of the fast-food giant’s stock worth $471,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MCD shares. Barclays raised their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley lifted their target price on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. 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. Finally, Bank of America boosted their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by insiders.

McDonald’s Price Performance

NYSE MCD opened at $282.54 on Thursday. The firm has a market cap of $202.47 billion, a P/E ratio of 24.81, a P/E/G ratio of 3.67 and a beta of 0.73. The stock’s 50-day moving average is $293.43 and its 200-day moving average is $286.83. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm posted $3.19 earnings per share. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that McDonald’s Co. will post 11.73 EPS 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.