First American Trust FSB Sells 102 Shares of Mcdonald’s Corp (MCD)
First American Trust FSB cut its stake in Mcdonald’s Corp (NYSE:MCD) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,188 shares of the fast-food giant’s stock after selling 102 shares during the period. Mcdonald’s comprises approximately 1.3% of First American Trust FSB’s holdings, making the stock its 24th largest holding. First American Trust FSB’s holdings in Mcdonald’s were worth $5,006,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Global Trust Asset Management LLC raised its holdings in shares of Mcdonald’s by 279.0% in the 4th quarter. Global Trust Asset Management LLC now owns 6,121 shares of the fast-food giant’s stock worth $1,087,000 after buying an additional 4,506 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in Mcdonald’s by 7.2% in the 4th quarter. YHB Investment Advisors Inc. now owns 44,736 shares of the fast-food giant’s stock valued at $7,944,000 after buying an additional 3,016 shares during the last quarter. Visionary Asset Management Inc. purchased a new stake in Mcdonald’s in the 4th quarter valued at about $205,000. Conservest Capital Advisors Inc. purchased a new stake in Mcdonald’s in the 4th quarter valued at about $223,000. Finally, State of Alaska Department of Revenue increased its stake in Mcdonald’s by 4.9% in the 4th quarter. State of Alaska Department of Revenue now owns 118,946 shares of the fast-food giant’s stock valued at $21,117,000 after buying an additional 5,568 shares during the last quarter. 67.16% of the stock is owned by institutional investors and hedge funds.
In other Mcdonald’s news, insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $177.68, for a total value of $849,665.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Easterbrook sold 201,123 shares of the company’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the transaction, the chief executive officer now directly owns 48,925 shares in the company, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. Insiders have sold a total of 221,041 shares of company stock valued at $38,839,407 over the last ninety days. 0.22% of the stock is currently owned by insiders.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the business posted $1.76 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities analysts expect that Mcdonald’s Corp will post 7.76 earnings per share for the current fiscal year.
MCD has been the subject of several analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $175.00 price target on shares of Mcdonald’s in a report on Thursday, September 27th. Jefferies Financial Group set a $190.00 price target on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Wells Fargo & Co reiterated a “buy” rating and set a $185.00 price target on shares of Mcdonald’s in a research note on Monday, September 24th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $175.00 price target on shares of Mcdonald’s in a research note on Monday, September 17th. Finally, ValuEngine upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Seven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $191.76.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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