Central Bank & Trust Co. Sells 66 Shares of McDonald’s Co. (NYSE:MCD)

Central Bank & Trust Co. decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,070 shares of the fast-food giant’s stock after selling 66 shares during the quarter. Central Bank & Trust Co.’s holdings in McDonald’s were worth $3,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the third quarter worth about $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in McDonald’s in the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC acquired 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 and hedge funds.

McDonald’s Stock Performance

NYSE MCD opened at $280.90 on Tuesday. The company has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a fifty day moving average of $292.54 and a 200-day moving average of $287.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm 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 revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.19 EPS. As a group, analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. TD Cowen reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $321.39.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction 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 $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 over the last ninety days. Insiders own 0.23% of the company’s stock.

About McDonald’s

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.