Adirondack Trust Co. Has $3.44 Million Holdings in McDonald’s Co. (NYSE:MCD)

Adirondack Trust Co. lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,866 shares of the fast-food giant’s stock after selling 195 shares during the period. McDonald’s makes up 1.3% of Adirondack Trust Co.’s portfolio, making the stock its 17th biggest position. Adirondack Trust Co.’s holdings in McDonald’s were worth $3,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after purchasing an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after buying an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in McDonald’s in the third quarter valued at approximately $121,254,000. Ameriprise Financial Inc. boosted its holdings in shares of 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 buying an additional 354,196 shares during the period. Finally, Zurich Insurance Group Ltd FI increased its position in shares of McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after acquiring an additional 261,350 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,605 shares of company stock valued at $2,508,102. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Down 0.5 %

Shares of NYSE:MCD opened at $281.30 on Thursday. The stock has a market cap of $201.58 billion, a PE ratio of 24.70, a P/E/G ratio of 3.68 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The business has a 50 day moving average of $291.49 and a 200-day moving average of $287.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the business earned $3.19 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MCD shares. Truist Financial lowered their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Evercore ISI lifted their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday. Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their target price on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.22.

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.