Legacy Private Trust Co. Reduces Stake in McDonald’s Co. (NYSE:MCD)

Legacy Private Trust Co. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the third quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth about $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s during the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s during the 3rd quarter valued at about $72,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,050 shares of company stock worth $3,556,688 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.9 %

Shares of MCD stock traded down $2.55 during trading hours on Wednesday, reaching $286.79. 2,662,827 shares of the company’s stock were exchanged, compared to its average volume of 2,855,805. The stock has a market cap of $205.52 billion, a PE ratio of 25.18, a PEG ratio of 3.95 and a beta of 0.73. The stock’s fifty day moving average price is $294.40 and its two-hundred day moving average price is $285.90. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.19 EPS. On average, equities analysts expect that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on MCD shares. The Goldman Sachs Group boosted their target price on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. UBS Group lifted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets upped their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.65.

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.