Greenfield Savings Bank Sells 142 Shares of McDonald’s Co. (NYSE:MCD)

Greenfield Savings Bank reduced its stake in McDonald’s Co. (NYSE:MCD) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,718 shares of the fast-food giant’s stock after selling 142 shares during the quarter. McDonald’s makes up approximately 1.2% of Greenfield Savings Bank’s investment portfolio, making the stock its 21st biggest position. Greenfield Savings Bank’s holdings in McDonald’s were worth $2,527,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s in the third quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new position in McDonald’s during the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s in the third quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new stake in McDonald’s during the third quarter valued at $72,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCD. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial lowered their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company increased their target price 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. Finally, Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Stock Up 0.3 %

Shares of NYSE:MCD opened at $283.20 on Tuesday. The company has a market capitalization of $202.95 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. The firm has a 50 day moving average of $293.75 and a 200 day moving average of $286.65. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company 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%. 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 company posted $3.19 earnings per share. On average, sell-side analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value 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. The trade was a 49.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on 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 owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company’s stock.

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.