McDonald’s Co. (NYSE:MCD) Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC lessened its stake in McDonald’s Co. (NYSE:MCD) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,428 shares of the fast-food giant’s stock after selling 204 shares during the quarter. McDonald’s makes up approximately 1.3% of Plimoth Trust Co. LLC’s holdings, making the stock its 19th biggest holding. Plimoth Trust Co. LLC’s holdings in McDonald’s were worth $5,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Kennebec Savings Bank acquired a new stake in McDonald’s during the third quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. increased its stake in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after purchasing an additional 2,997 shares during the last quarter. PFW Advisors LLC acquired a new position in McDonald’s in the 4th quarter valued at $2,471,000. Finally, Weiss Asset Management LP acquired a new position in McDonald’s in the 3rd quarter valued at $16,870,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,905 shares of company stock worth $2,592,327. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD stock traded up $1.10 on Wednesday, reaching $292.25. 237,672 shares of the company traded hands, compared to its average volume of 2,969,651. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market cap of $209.43 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. The firm has a fifty day simple moving average of $291.12 and a 200-day simple moving average of $289.23.

McDonald’s (NYSE:MCD) last posted its 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. The business 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 EPS. On average, sell-side analysts forecast that McDonald’s Co. will post 11.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MCD. UBS Group lifted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. KeyCorp lowered their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company boosted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Evercore ISI upped their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average 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.