Orrstown Financial Services Inc. lowered its position in McDonald’s Co. (NYSE:MCD – Free Report) by 23.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,101 shares of the fast-food giant’s stock after selling 957 shares during the period. Orrstown Financial Services Inc.’s holdings in McDonald’s were worth $899,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the 3rd quarter worth about $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s in the 3rd quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s in the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on MCD shares. Bank of America upped their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Morgan Stanley lowered their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Truist Financial reduced their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $320.87.
Insiders Place Their Bets
In other news, 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,905 shares of company stock worth $2,592,327. Company insiders own 0.23% of the company’s stock.
McDonald’s Trading Up 0.2 %
MCD stock traded up $0.60 during trading on Wednesday, reaching $291.75. The stock had a trading volume of 146,276 shares, compared to its average volume of 2,969,492. The firm has a market cap of $209.07 billion, a PE ratio of 25.62, a PEG ratio of 3.66 and a beta of 0.73. The stock’s 50 day moving average is $291.12 and its two-hundred day moving average is $289.23. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.
McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.19 EPS. On average, research analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.
McDonald’s Company 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.
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