Missouri Trust & Investment Co Decreases Position in McDonald’s Co. (NYSE:MCD)

Missouri Trust & Investment Co reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,884 shares of the fast-food giant’s stock after selling 36 shares during the quarter. Missouri Trust & Investment Co’s holdings in McDonald’s were worth $546,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dakota Wealth Management raised its stake in shares of McDonald’s by 4.3% during the fourth quarter. Dakota Wealth Management now owns 37,430 shares of the fast-food giant’s stock valued at $10,851,000 after purchasing an additional 1,532 shares during the period. XML Financial LLC increased its stake in McDonald’s by 0.8% during the 4th quarter. XML Financial LLC now owns 6,804 shares of the fast-food giant’s stock worth $1,972,000 after buying an additional 55 shares during the period. Simon Quick Advisors LLC lifted its holdings in McDonald’s by 8.6% in the 4th quarter. Simon Quick Advisors LLC now owns 5,388 shares of the fast-food giant’s stock worth $1,562,000 after buying an additional 428 shares in the last quarter. Verum Partners LLC boosted its position in McDonald’s by 3.2% in the 4th quarter. Verum Partners LLC now owns 1,640 shares of the fast-food giant’s stock valued at $475,000 after buying an additional 51 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of McDonald’s by 10.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 212,433 shares of the fast-food giant’s stock valued at $61,582,000 after acquiring an additional 19,971 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MCD shares. Morgan Stanley cut their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday. Evercore ISI increased 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. Truist Financial dropped their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $311.00 to $334.00 in a report on Friday, January 10th. Finally, Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $321.22.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,605 shares of company stock valued at $2,508,102. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD opened at $282.85 on Wednesday. The company has a market capitalization of $202.69 billion, a PE ratio of 24.83, a P/E/G ratio of 3.65 and a beta of 0.73. The stock’s fifty day moving average is $292.12 and its 200-day moving average is $287.72. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share 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 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 revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.19 EPS. On average, equities research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

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.