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

Canandaigua National Bank & Trust Co. decreased its position in McDonald’s Co. (NYSE:MCD) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,588 shares of the fast-food giant’s stock after selling 138 shares during the quarter. McDonald’s comprises about 0.9% of Canandaigua National Bank & Trust Co.’s holdings, making the stock its 21st largest position. Canandaigua National Bank & Trust Co.’s holdings in McDonald’s were worth $9,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advance Capital Management Inc. raised its position in shares of McDonald’s by 1.3% in the fourth quarter. Advance Capital Management Inc. now owns 3,077 shares of the fast-food giant’s stock valued at $892,000 after buying an additional 39 shares during the last quarter. Doliver Advisors LP raised its holdings in McDonald’s by 4.2% in the 4th quarter. Doliver Advisors LP now owns 4,456 shares of the fast-food giant’s stock valued at $1,292,000 after acquiring an additional 180 shares during the last quarter. Boltwood Capital Management lifted its stake in shares of McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of McDonald’s by 15.1% during the fourth quarter. CWA Asset Management Group LLC now owns 12,723 shares of the fast-food giant’s stock worth $3,688,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Modus Advisors LLC grew its position in shares of McDonald’s by 0.4% in the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after purchasing an additional 36 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,050 shares of company stock valued at $3,556,688 in the last quarter. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Truist Financial dropped their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Morgan Stanley raised their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Evercore ISI boosted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $320.65.

McDonald’s Price Performance

NYSE:MCD traded down $2.72 during mid-day trading on Monday, reaching $292.06. The stock had a trading volume of 2,721,069 shares, compared to its average volume of 2,447,961. The company has a market capitalization of $209.30 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. The stock’s 50 day simple moving average is $294.61 and its two-hundred day simple moving average is $285.42. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted $3.19 earnings per share. Sell-side analysts anticipate that McDonald’s Co. will post 11.75 EPS 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.