Trust Co. of Toledo NA OH Has $10.74 Million Holdings in McDonald’s Co. (NYSE:MCD)

Trust Co. of Toledo NA OH lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,039 shares of the fast-food giant’s stock after purchasing an additional 644 shares during the period. McDonald’s makes up about 1.4% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 11th biggest position. Trust Co. of Toledo NA OH’s holdings in McDonald’s were worth $10,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in McDonald’s in the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s in the third quarter valued at about $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the third quarter worth about $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $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 company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,704 shares of company stock worth $2,829,428. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group raised their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Wedbush reiterated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Performance

NYSE:MCD traded up $0.80 during mid-day trading on Monday, reaching $283.11. 560,371 shares of the company’s stock were exchanged, compared to its average volume of 2,682,149. The business’s fifty day simple moving average is $293.94 and its two-hundred day simple moving average is $286.47. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market capitalization of $202.88 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

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 the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company posted $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast 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.