Trust Point Inc. Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

Trust Point Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,927 shares of the fast-food giant’s stock after selling 151 shares during the period. Trust Point Inc.’s holdings in McDonald’s were worth $1,428,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MCD. Czech National Bank raised its holdings in McDonald’s by 6.4% in the 3rd quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock worth $44,498,000 after acquiring an additional 8,797 shares during the last quarter. GAMMA Investing LLC raised its position in shares of McDonald’s by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 8,301 shares of the fast-food giant’s stock valued at $2,528,000 after buying an additional 1,534 shares in the last quarter. Diversified Trust Co raised its position in McDonald’s by 2.0% in the 3rd quarter. Diversified Trust Co now owns 8,078 shares of the fast-food giant’s stock worth $2,460,000 after purchasing an additional 161 shares during the period. Everpar Advisors LLC raised its position in McDonald’s by 13.0% in the 3rd quarter. Everpar Advisors LLC now owns 2,630 shares of the fast-food giant’s stock worth $801,000 after purchasing an additional 302 shares during the period. Finally, Smith Anglin Financial LLC increased its position in shares of McDonald’s by 2.0% during the third quarter. Smith Anglin Financial LLC now owns 2,743 shares of the fast-food giant’s stock worth $835,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.5 %

McDonald’s stock opened at $290.25 on Tuesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market capitalization of $208.00 billion, a P/E ratio of 25.48, a PEG ratio of 3.83 and a beta of 0.73. The business has a 50-day moving average of $291.12 and a 200-day moving average of $289.94.

Insider Transactions at McDonald’s

In other news, 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 sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MCD. Wells Fargo & Company raised their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Citigroup lifted their target price on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.87.

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.