McDonald’s Co. (NYSE:MCD) Shares Sold by First United Bank & Trust

First United Bank & Trust trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,222 shares of the fast-food giant’s stock after selling 148 shares during the quarter. McDonald’s comprises 1.1% of First United Bank & Trust’s portfolio, making the stock its 26th largest holding. First United Bank & Trust’s holdings in McDonald’s were worth $2,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Charles Schwab Trust Co raised its holdings in McDonald’s by 27.4% during the fourth quarter. Charles Schwab Trust Co now owns 2,251 shares of the fast-food giant’s stock worth $653,000 after purchasing an additional 484 shares in the last quarter. Solidarity Wealth LLC raised its stake in shares of McDonald’s by 1.1% in the 4th quarter. Solidarity Wealth LLC now owns 36,581 shares of the fast-food giant’s stock worth $10,604,000 after buying an additional 383 shares in the last quarter. Royal Fund Management LLC lifted its holdings in shares of McDonald’s by 103.7% in the fourth quarter. Royal Fund Management LLC now owns 31,640 shares of the fast-food giant’s stock valued at $9,395,000 after buying an additional 16,111 shares during the period. Sugar Maple Asset Management LLC bought a new position in McDonald’s during the fourth quarter valued at about $98,000. Finally, Mitchell & Pahl Private Wealth LLC grew its holdings in McDonald’s by 4.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,878 shares of the fast-food giant’s stock worth $2,864,000 after acquiring an additional 450 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Truist Financial reduced their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. BMO Capital Markets increased their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, 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. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $280.90 on Tuesday. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.65 and a beta of 0.73. The stock has a 50-day simple moving average of $292.54 and a 200-day simple moving average of $287.50. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.19 EPS. As a group, equities research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The shares were 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 in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company 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.