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

First Citizens Bank & Trust Co. decreased its holdings in McDonald’s Co. (NYSE:MCD) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,992 shares of the fast-food giant’s stock after selling 225 shares during the period. First Citizens Bank & Trust Co.’s holdings in McDonald’s were worth $4,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the third quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s in the third quarter worth $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s in the third quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC acquired a new position in shares of McDonald’s in the third quarter worth $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. TD Cowen reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. UBS Group boosted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.78.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $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 three months, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Up 0.3 %

NYSE MCD opened at $285.37 on Friday. The stock has a market capitalization of $204.50 billion, a P/E ratio of 25.05, a P/E/G ratio of 3.66 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 firm has a 50-day moving average price of $291.07 and a 200 day moving average price of $288.14.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business posted $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

McDonald’s 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.