Missouri Trust & Investment Co Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

Missouri Trust & Investment Co trimmed its holdings in shares of McDonald’s Co. (NYSE:MCDFree Report) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,174 shares of the fast-food giant’s stock after selling 85 shares during the quarter. Missouri Trust & Investment Co’s holdings in McDonald’s were worth $645,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MCD. International Assets Investment Management LLC boosted its stake in McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $192,165,000. Barclays PLC boosted its stake in McDonald’s by 16.7% during the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after purchasing an additional 429,000 shares during the last quarter. Winslow Capital Management LLC boosted its stake in shares of McDonald’s by 39.6% in the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after buying an additional 370,699 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of McDonald’s by 147.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 527,180 shares of the fast-food giant’s stock worth $138,880,000 after buying an additional 314,510 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MCD shares. TD Cowen restated a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Tuesday, April 30th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. BMO Capital Markets decreased their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Bank of America raised their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Finally, Barclays cut their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

Get Our Latest Report on McDonald’s

McDonald’s Trading Down 0.4 %

MCD traded down $1.13 on Friday, reaching $272.38. The stock had a trading volume of 2,454,570 shares, compared to its average volume of 3,564,655. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market cap of $196.30 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 3.04 and a beta of 0.71. The business’s 50-day moving average price is $275.14 and its two-hundred day moving average price is $283.50.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.63 EPS. As a group, analysts predict that McDonald’s Co. will post 12.17 earnings per share for the current year.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,997 shares of company stock worth $836,300. Insiders own 0.23% of the company’s stock.

About McDonald’s

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCDFree Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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