Union Savings Bank Has $1.51 Million Holdings in McDonald’s Co. (NYSE:MCD)

Union Savings Bank cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,107 shares of the fast-food giant’s stock after selling 100 shares during the quarter. McDonald’s makes up 0.9% of Union Savings Bank’s portfolio, making the stock its 24th biggest position. Union Savings Bank’s holdings in McDonald’s were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $31,000. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $33,000. Keener Financial Planning LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $39,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. acquired a new stake in McDonald’s during the 4th quarter worth approximately $43,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,997 shares of company stock valued at $836,300. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America raised their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Citigroup dropped their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. dropped their target price on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Finally, Stephens reaffirmed an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Trading Down 0.1 %

MCD stock traded down $0.16 during trading on Wednesday, hitting $265.71. The company had a trading volume of 1,905,202 shares, compared to its average volume of 3,276,065. The business has a 50-day moving average of $274.03 and a 200-day moving average of $283.65. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The stock has a market cap of $191.49 billion, a PE ratio of 22.56, a PEG ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the company earned $2.63 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Research analysts forecast that McDonald’s Co. will post 12.17 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.