MassMutual Private Wealth & Trust FSB Acquires 2,297 Shares of McDonald’s Co. (NYSE:MCD)

MassMutual Private Wealth & Trust FSB boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,777 shares of the fast-food giant’s stock after buying an additional 2,297 shares during the quarter. McDonald’s comprises 1.0% of MassMutual Private Wealth & Trust FSB’s portfolio, making the stock its 21st biggest holding. MassMutual Private Wealth & Trust FSB’s holdings in McDonald’s were worth $37,041,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in McDonald’s by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock worth $12,281,000 after acquiring an additional 915 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of McDonald’s by 10.1% in the second quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant’s stock worth $49,856,000 after purchasing an additional 17,995 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of McDonald’s by 10.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 68,939 shares of the fast-food giant’s stock worth $17,568,000 after purchasing an additional 6,506 shares during the last quarter. ProShare Advisors LLC boosted its stake in McDonald’s by 12.0% during the 2nd quarter. ProShare Advisors LLC now owns 845,870 shares of the fast-food giant’s stock valued at $215,562,000 after purchasing an additional 90,349 shares during the period. Finally, Holderness Investments Co. grew its holdings in McDonald’s by 0.4% in the 2nd quarter. Holderness Investments Co. now owns 12,595 shares of the fast-food giant’s stock valued at $3,210,000 after buying an additional 45 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

Shares of MCD opened at $280.90 on Monday. The business’s 50 day simple moving average is $292.54 and its 200-day simple moving average is $287.24. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.19 earnings per share. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Bank of America increased their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, Evercore ISI lifted their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’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 sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s 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.