Union Savings Bank Sells 66 Shares of McDonald’s Co. (NYSE:MCD)

Union Savings Bank decreased its holdings in McDonald’s Co. (NYSE:MCD) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,535 shares of the fast-food giant’s stock after selling 66 shares during the quarter. Union Savings Bank’s holdings in McDonald’s were worth $1,315,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth about $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in McDonald’s during the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s during the 3rd quarter valued at about $72,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and increased their target price for the stock from $311.00 to $334.00 in a report on Friday, January 10th. KeyCorp lifted their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. The Goldman Sachs Group increased their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, Wells Fargo & Company boosted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.39.

McDonald’s Stock Up 0.4 %

McDonald’s stock opened at $280.90 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a 50 day moving average of $292.54 and a 200-day moving average of $287.24. The stock has a market capitalization of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued 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. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 earnings per share. Equities analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the transaction, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The shares were 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 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 valued at $2,829,428 in the last ninety days. 0.23% of the stock is currently owned by corporate 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.