First United Bank & Trust Sells 148 Shares of McDonald’s Co. (NYSE:MCD)

First United Bank & Trust cut its stake in McDonald’s Co. (NYSE:MCD) by 1.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,222 shares of the fast-food giant’s stock after selling 148 shares during the period. McDonald’s makes up approximately 1.1% of First United Bank & Trust’s holdings, making the stock its 26th largest holding. First United Bank & Trust’s holdings in McDonald’s were worth $2,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the third quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the 3rd quarter valued at about $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s during the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. bought a new stake in McDonald’s in the third quarter valued at about $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s in the third quarter worth about $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MCD. UBS Group upped their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their target price for the company from $311.00 to $334.00 in a research note on Friday, January 10th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.39.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.4 %

MCD stock opened at $280.90 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business’s fifty day moving average is $292.54 and its 200-day moving average is $287.50. The company has a market cap of $201.30 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its 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. The company had revenue of $6.87 billion during 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 period in the previous year, the company earned $3.19 EPS. Research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share 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.