Exchange Bank Has $735,000 Position in McDonald’s Co. (NYSE:MCD)

Exchange Bank reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,536 shares of the fast-food giant’s stock after selling 446 shares during the period. Exchange Bank’s holdings in McDonald’s were worth $735,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Certified Advisory Corp raised its holdings in McDonald’s by 16.0% in the 2nd quarter. Certified Advisory Corp now owns 1,235 shares of the fast-food giant’s stock worth $315,000 after acquiring an additional 170 shares during the period. Public Sector Pension Investment Board raised its stake in shares of McDonald’s by 71.6% in the second quarter. Public Sector Pension Investment Board now owns 27,644 shares of the fast-food giant’s stock valued at $7,045,000 after purchasing an additional 11,539 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of McDonald’s by 0.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 67,922 shares of the fast-food giant’s stock worth $17,309,000 after acquiring an additional 509 shares during the period. Mill Creek Capital Advisors LLC boosted its holdings in McDonald’s by 53.6% during the second quarter. Mill Creek Capital Advisors LLC now owns 3,865 shares of the fast-food giant’s stock valued at $985,000 after purchasing an additional 1,348 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in McDonald’s by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after buying an additional 51,210 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,605 shares of company stock worth $2,508,102. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.7 %

MCD stock opened at $282.85 on Wednesday. The firm has a market capitalization of $202.69 billion, a PE ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73. The business’s 50 day simple moving average is $292.12 and its 200 day simple moving average is $287.72. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.19 earnings per share. As a group, sell-side analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MCD. Barclays raised their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Truist Financial reduced their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI boosted their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.22.

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.