McDonald’s Co. (NYSE:MCD) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division decreased its position in McDonald’s Co. (NYSE:MCD) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,330 shares of the fast-food giant’s stock after selling 414 shares during the quarter. Moody National Bank Trust Division’s holdings in McDonald’s were worth $3,574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares in the last quarter. Mondrian Investment Partners LTD purchased a new stake in shares of McDonald’s during the 2nd quarter worth $110,321,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of McDonald’s during the third quarter worth $121,254,000. Finally, Ameriprise Financial Inc. increased its holdings in 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 last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MCD shares. JPMorgan Chase & Co. upped their price objective on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Bank of America lifted their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their price objective on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Stock Up 0.6 %

Shares of MCD stock traded up $1.61 during mid-day trading on Monday, reaching $283.92. The company’s stock had a trading volume of 1,329,816 shares, compared to its average volume of 2,788,902. The firm has a market capitalization of $203.46 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. The company’s 50 day simple moving average is $293.94 and its 200-day simple moving average is $286.47. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated 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 approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 in the last 90 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.