Orrstown Financial Services Inc. Sells 957 Shares of McDonald’s Co. (NYSE:MCD)

Orrstown Financial Services Inc. decreased its position in McDonald’s Co. (NYSE:MCD) by 23.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,101 shares of the fast-food giant’s stock after selling 957 shares during the quarter. Orrstown Financial Services Inc.’s holdings in McDonald’s were worth $899,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at approximately $31,000. Hara Capital LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s during the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s during the third quarter worth $72,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,905 shares of company stock valued at $2,592,327 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.2 %

Shares of NYSE:MCD traded up $0.60 on Wednesday, reaching $291.75. The company had a trading volume of 146,276 shares, compared to its average volume of 2,969,492. The firm has a market capitalization of $209.07 billion, a PE ratio of 25.62, a PEG 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’s 50 day simple moving average is $291.12 and its 200-day simple moving average is $289.23.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the company posted $3.19 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current year.

Analysts Set New Price Targets

MCD has been the topic of a number of analyst reports. KeyCorp cut their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Barclays increased their price objective 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. Citigroup boosted their target price on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $320.87.

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.