City State Bank Acquires 235 Shares of McDonald’s Co. (NYSE:MCD)

City State Bank boosted its holdings in McDonald’s Co. (NYSE:MCD) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,505 shares of the fast-food giant’s stock after purchasing an additional 235 shares during the quarter. City State Bank’s holdings in McDonald’s were worth $726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Trust Co. of Toledo NA OH boosted its stake in McDonald’s by 1.8% in the 4th quarter. Trust Co. of Toledo NA OH now owns 37,039 shares of the fast-food giant’s stock worth $10,737,000 after purchasing an additional 644 shares during the period. Fiduciary Alliance LLC boosted its stake in McDonald’s by 72.4% in the 4th quarter. Fiduciary Alliance LLC now owns 7,549 shares of the fast-food giant’s stock worth $2,188,000 after purchasing an additional 3,171 shares during the period. Matrix Trust Co boosted its stake in McDonald’s by 25.2% in the 4th quarter. Matrix Trust Co now owns 7,485 shares of the fast-food giant’s stock worth $2,170,000 after purchasing an additional 1,507 shares during the period. Aprio Wealth Management LLC boosted its stake in McDonald’s by 15.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,023 shares of the fast-food giant’s stock worth $587,000 after purchasing an additional 264 shares during the period. Finally, Czech National Bank boosted its stake in McDonald’s by 6.3% in the 4th quarter. Czech National Bank now owns 155,388 shares of the fast-food giant’s stock worth $45,045,000 after purchasing an additional 9,258 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

NYSE:MCD traded up $0.73 during midday trading on Monday, hitting $283.04. The company’s stock had a trading volume of 591,941 shares, compared to its average volume of 2,682,149. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm’s 50 day moving average is $293.94 and its 200-day moving average is $286.47. The firm has a market cap of $202.83 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.19 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 11.75 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $321.39.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % 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 quarter. 0.23% of the stock is currently owned by insiders.

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.