Peoples Bank KS Sells 59 Shares of McDonald’s Co. (NYSE:MCD)

Peoples Bank KS trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,401 shares of the fast-food giant’s stock after selling 59 shares during the period. McDonald’s comprises about 2.3% of Peoples Bank KS’s holdings, making the stock its 8th largest position. Peoples Bank KS’s holdings in McDonald’s were worth $3,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Strategic Financial Concepts LLC purchased a new position in McDonald’s during the 2nd quarter worth $529,000. Acadian Asset Management LLC boosted its holdings in McDonald’s by 494.9% during the second quarter. Acadian Asset Management LLC now owns 19,179 shares of the fast-food giant’s stock worth $4,886,000 after purchasing an additional 15,955 shares during the last quarter. Koss Olinger Consulting LLC bought a new stake in McDonald’s in the 2nd quarter worth about $248,000. Private Management Group Inc. increased its stake in McDonald’s by 280.3% in the 2nd quarter. Private Management Group Inc. now owns 3,008 shares of the fast-food giant’s stock valued at $767,000 after buying an additional 2,217 shares during the last quarter. Finally, Liberty Wealth Management LLC bought a new position in shares of McDonald’s during the 2nd quarter worth approximately $1,630,000. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. KeyCorp raised their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. BMO Capital Markets boosted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $320.65.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was 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 in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This represents a 44.68 % decrease in their ownership of the stock. 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. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $289.38 on Wednesday. The company has a market capitalization of $207.38 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 3.95 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 business’s fifty day moving average is $294.40 and its 200 day moving average is $285.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the firm posted $3.19 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

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.