Emprise Bank Cuts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Emprise Bank decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,177 shares of the fast-food giant’s stock after selling 206 shares during the quarter. Emprise Bank’s holdings in McDonald’s were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. American Century Companies Inc. lifted its position in McDonald’s by 1.9% during the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after purchasing an additional 915 shares during the period. Parallel Advisors LLC lifted its position in McDonald’s by 1.8% during the second quarter. Parallel Advisors LLC now owns 14,492 shares of the fast-food giant’s stock valued at $3,693,000 after purchasing an additional 250 shares during the period. Wealthspire Advisors LLC lifted its position in McDonald’s by 1.5% during the second quarter. Wealthspire Advisors LLC now owns 15,318 shares of the fast-food giant’s stock valued at $3,904,000 after purchasing an additional 219 shares during the period. Envestnet Asset Management Inc. lifted its position in McDonald’s by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,174,717 shares of the fast-food giant’s stock valued at $299,365,000 after purchasing an additional 26,571 shares during the period. Finally, Pinion Investment Advisors LLC lifted its position in McDonald’s by 6.8% during the second quarter. Pinion Investment Advisors LLC now owns 4,640 shares of the fast-food giant’s stock valued at $1,182,000 after purchasing an additional 295 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on MCD. Wells Fargo & Company increased their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $311.00 to $334.00 in a research report on Friday. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Bank of America increased their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Performance

MCD traded down $0.71 during trading on Monday, hitting $281.60. The stock had a trading volume of 802,397 shares, compared to its average volume of 2,716,937. The stock has a 50 day simple moving average of $293.94 and a two-hundred day simple moving average of $286.47. The company has a market capitalization of $201.80 billion, a PE ratio of 24.72, a PEG ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

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