Tompkins Financial Corp Has $16.14 Million Stake in McDonald’s Co. (NYSE:MCD)

Tompkins Financial Corp raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 17.5% during the 4th quarter, HoldingsChannel reports. The firm owned 55,661 shares of the fast-food giant’s stock after purchasing an additional 8,280 shares during the quarter. McDonald’s comprises 1.5% of Tompkins Financial Corp’s holdings, making the stock its 17th biggest position. Tompkins Financial Corp’s holdings in McDonald’s were worth $16,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Woodstock Corp boosted its holdings in McDonald’s by 2.0% during the fourth quarter. Woodstock Corp now owns 14,662 shares of the fast-food giant’s stock valued at $4,250,000 after purchasing an additional 285 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at $1,870,000. Goldstone Financial Group LLC increased its position in McDonald’s by 2.7% in the 4th quarter. Goldstone Financial Group LLC now owns 4,024 shares of the fast-food giant’s stock valued at $1,167,000 after acquiring an additional 105 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in McDonald’s in the 4th quarter worth approximately $241,000. Finally, Empirical Asset Management LLC raised its position in shares of McDonald’s by 41.6% during the fourth quarter. Empirical Asset Management LLC now owns 37,809 shares of the fast-food giant’s stock worth $10,960,000 after acquiring an additional 11,099 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s 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 transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Down 1.0 %

MCD opened at $279.56 on Friday. The stock has a market capitalization of $200.34 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 3.67 and a beta of 0.73. The company has a 50-day simple moving average of $293.20 and a 200 day simple moving average of $286.80. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $6.82 billion. During the same quarter last year, the business posted $3.19 EPS. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MCD. Morgan Stanley increased their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. KeyCorp increased their target price on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $321.39.

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.