McDonald’s Co. (NYSE:MCD) Shares Acquired by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in McDonald’s Co. (NYSE:MCD) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,582 shares of the fast-food giant’s stock after buying an additional 92 shares during the period. McDonald’s makes up about 1.4% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 22nd largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in McDonald’s were worth $3,647,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in McDonald’s by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock valued at $32,894,000 after buying an additional 2,328 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new position in McDonald’s in the 2nd quarter valued at approximately $959,000. Second Line Capital LLC purchased a new stake in McDonald’s in the 2nd quarter worth approximately $221,000. Quarry LP grew its holdings in shares of McDonald’s by 54.6% during the 2nd quarter. Quarry LP now owns 609 shares of the fast-food giant’s stock valued at $155,000 after acquiring an additional 215 shares in the last quarter. Finally, Regal Investment Advisors LLC increased its stake in shares of McDonald’s by 3.0% in the second quarter. Regal Investment Advisors LLC now owns 30,179 shares of the fast-food giant’s stock worth $7,691,000 after acquiring an additional 891 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction 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. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,905 shares of company stock worth $2,592,327 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Barclays boosted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Truist Financial decreased their target price 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. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.78.

McDonald’s Trading Up 2.7 %

McDonald’s stock opened at $293.16 on Tuesday. The firm has a market capitalization of $210.08 billion, a P/E ratio of 25.74, a PEG ratio of 3.66 and a beta of 0.73. The business has a 50-day moving average of $291.07 and a 200-day moving average of $288.70. 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 results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for 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 business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $3.19 earnings per share. Research analysts anticipate that McDonald’s Co. will post 11.72 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.