Field & Main Bank Sells 363 Shares of McDonald’s Co. (NYSE:MCD)

Field & Main Bank reduced its holdings in McDonald’s Co. (NYSE:MCD) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,940 shares of the fast-food giant’s stock after selling 363 shares during the quarter. Field & Main Bank’s holdings in McDonald’s were worth $2,012,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Kennebec Savings Bank bought a new position in McDonald’s during the third quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $1,694,403,000 after buying an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in McDonald’s by 6.5% in 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 acquiring an additional 2,997 shares during the last quarter. PFW Advisors LLC purchased a new position in shares of McDonald’s in the fourth quarter valued at about $2,471,000. Finally, Weiss Asset Management LP bought a new position in shares of McDonald’s during the third quarter valued at about $16,870,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCD. Citigroup boosted their price target on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday. Barclays upped their target price on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. KeyCorp reduced their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. BMO Capital Markets raised their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Cowen reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Trading Up 0.1 %

McDonald’s stock opened at $291.50 on Wednesday. The firm has a market cap of $208.89 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a fifty day simple moving average of $291.12 and a two-hundred day simple moving average of $289.23.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share 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%. McDonald’s’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 EPS. On average, equities research analysts forecast that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,905 shares of company stock worth $2,592,327 over the last three months. 0.23% of the stock is currently owned by company insiders.

McDonald’s Company 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.