Baker Boyer National Bank Sells 51 Shares of McDonald’s Co. (NYSE:MCD)

Baker Boyer National Bank lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,074 shares of the fast-food giant’s stock after selling 51 shares during the period. Baker Boyer National Bank’s holdings in McDonald’s were worth $891,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Kennebec Savings Bank acquired a new position in McDonald’s in the third quarter valued at about $1,394,000. Charles Schwab Investment Management Inc. raised its position in shares of McDonald’s by 0.9% during the third 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 purchasing an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after purchasing an additional 2,997 shares during the period. PFW Advisors LLC bought a new position in shares of McDonald’s during the fourth quarter worth about $2,471,000. Finally, Weiss Asset Management LP bought a new position in shares of McDonald’s during the third quarter worth about $16,870,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MCD. UBS Group raised their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. KeyCorp reduced their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. BMO Capital Markets lifted their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Stock Down 0.6 %

Shares of MCD stock opened at $291.48 on Wednesday. The firm has a market capitalization of $208.88 billion, a P/E ratio of 25.59, a P/E/G ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock’s fifty day simple moving average is $291.11 and its 200 day simple moving average is $288.97.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.82 billion. During the same quarter in the previous year, the company posted $3.19 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock valued at $2,592,327 in the last ninety days. 0.23% of the stock is owned by company 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.