McDonald’s Co. (NYSE:MCD) Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,432 shares of the fast-food giant’s stock after selling 457 shares during the period. Legacy Private Trust Co.’s holdings in McDonald’s were worth $3,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. First Hawaiian Bank boosted its holdings in McDonald’s by 1.7% in the 4th quarter. First Hawaiian Bank now owns 11,191 shares of the fast-food giant’s stock worth $3,244,000 after buying an additional 184 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of McDonald’s by 23.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,359 shares of the fast-food giant’s stock valued at $684,000 after acquiring an additional 447 shares in the last quarter. InvesTrust acquired a new stake in shares of McDonald’s in the fourth quarter worth approximately $8,015,000. Innova Wealth Partners acquired a new stake in shares of McDonald’s in the fourth quarter worth approximately $242,000. Finally, Range Financial Group LLC raised its stake in McDonald’s by 299.4% in the 4th quarter. Range Financial Group LLC now owns 10,473 shares of the fast-food giant’s stock valued at $3,036,000 after purchasing an additional 7,851 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Morgan Stanley raised their target price on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.65.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 12,050 shares of company stock worth $3,556,688 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.9 %

NYSE:MCD traded down $2.55 during midday trading on Wednesday, reaching $286.79. The company had a trading volume of 2,662,827 shares, compared to its average volume of 2,855,805. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $205.52 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 3.95 and a beta of 0.73. The stock’s fifty day simple moving average is $294.40 and its 200-day simple moving average is $285.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 EPS. As a group, sell-side analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

McDonald’s 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.