Arbor Trust Wealth Advisors LLC Trims Stock Position in McDonald’s Co. (NYSE:MCD)

Arbor Trust Wealth Advisors LLC decreased its stake in McDonald’s Co. (NYSE:MCD) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,940 shares of the fast-food giant’s stock after selling 45 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in McDonald’s were worth $2,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of McDonald’s by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after acquiring an additional 220,365 shares during the period. Wellington Management Group LLP increased its stake in shares of McDonald’s by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after purchasing an additional 128,800 shares in the last quarter. Legal & General Group Plc raised its holdings in McDonald’s by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock worth $1,567,030,000 after purchasing an additional 188,888 shares during the period. Charles Schwab Investment Management Inc. boosted its position in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in McDonald’s by 8.0% in the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after purchasing an additional 354,196 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

McDonald’s stock opened at $280.90 on Friday. The stock has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The firm has a 50 day simple moving average of $292.54 and a 200-day simple moving average of $286.97. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last posted 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 company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 earnings per share. Equities analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. KeyCorp lifted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial lowered their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $321.39.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated 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 directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,704 shares of company stock worth $2,829,428. Company insiders own 0.23% of the company’s stock.

About McDonald’s

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.