Union Savings Bank Has $1.32 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Union Savings Bank trimmed its position in McDonald’s Co. (NYSE:MCD) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 4,535 shares of the fast-food giant’s stock after selling 66 shares during the quarter. Union Savings Bank’s holdings in McDonald’s were worth $1,315,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MCD. Geode Capital Management LLC raised its stake in McDonald’s by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after buying an additional 220,365 shares during the period. Wellington Management Group LLP increased its holdings in shares of McDonald’s by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after acquiring an additional 128,800 shares during the last quarter. Legal & General Group Plc raised its stake in McDonald’s by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock valued at $1,567,030,000 after acquiring an additional 188,888 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after purchasing an additional 354,196 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD opened at $280.90 on Monday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. The business’s fifty day moving average is $292.54 and its 200-day moving average is $287.24.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.19 earnings per share. As a group, research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on MCD. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group upped their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. KeyCorp increased their target price on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

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.