UMB Bank n.a. cut its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,552 shares of the fast-food giant's stock after selling 2,531 shares during the period. UMB Bank n.a.'s holdings in McDonald's were worth $39,005,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Kennebec Savings Bank bought a new position in McDonald's in the third quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. boosted its stake in shares of McDonald's by 0.9% during the 3rd 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 acquiring an additional 49,106 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of McDonald's by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant's stock worth $35,194,000 after acquiring an additional 51,210 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in McDonald's by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock valued at $14,978,000 after acquiring an additional 2,997 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in McDonald's during the 3rd quarter valued at $16,870,000. Institutional investors own 70.29% of the company's stock.
MCD has been the topic of several research reports. Robert W. Baird downgraded shares of McDonald's from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Barclays increased their price target on shares of McDonald's from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Bank of America boosted their price objective on McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Guggenheim lowered McDonald's from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Wedbush restated an "outperform" rating and issued a $295.00 price target on shares of McDonald's in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and a consensus target price of $321.39.
Check Out Our Latest Research Report on McDonald's
In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction that occurred on Monday, November 25th. The shares were 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 trade represents a 10.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $441,470.49. Following the completion of the transaction, 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. Insiders sold 9,704 shares of company stock worth $2,829,428 over the last three months. 0.23% of the stock is currently owned by insiders.
MCD stock opened at $280.90 on Monday. The company's fifty day simple moving average is $292.54 and its 200 day simple moving average is $287.24. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73.
McDonald's (NYSE:MCD - Get Free Report) last released 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 for the quarter, compared to the consensus estimate 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 company earned $3.19 EPS. Research analysts expect that McDonald's Co. will post 11.73 earnings per share for the current year.
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.
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