Sanibel Captiva Trust Company Inc. Purchases 1,373 Shares of McDonald’s Co. (NYSE:MCD)

Sanibel Captiva Trust Company Inc. lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,612 shares of the fast-food giant’s stock after purchasing an additional 1,373 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in McDonald’s were worth $8,584,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MCD. Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and raised their price target for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Finally, Morgan Stanley increased their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Trading Up 0.4 %

McDonald’s stock opened at $280.90 on Friday. The stock has a 50-day moving average price of $292.90 and a two-hundred day moving average price of $286.75. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market capitalization of $201.30 billion, a PE ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business earned $3.19 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

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.