Farmers Trust Co. Sells 81 Shares of McDonald’s Co. (NYSE:MCD)

Farmers Trust Co. cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,080 shares of the fast-food giant’s stock after selling 81 shares during the quarter. McDonald’s comprises 1.5% of Farmers Trust Co.’s investment portfolio, making the stock its 10th largest holding. Farmers Trust Co.’s holdings in McDonald’s were worth $7,850,000 as of its most recent SEC filing.

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

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,050 shares of company stock valued at $3,556,688. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD traded down $2.61 during mid-day trading on Wednesday, reaching $286.73. The company had a trading volume of 1,626,503 shares, compared to its average volume of 2,631,598. The company’s 50 day simple moving average is $294.40 and its 200 day simple moving average is $285.90. The company has a market capitalization of $205.48 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 3.95 and a beta of 0.73. 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 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during 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%. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.19 EPS. As a group, equities analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on MCD shares. Truist Financial decreased their price objective 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. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. UBS Group upped their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Bank of America upped their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.65.

McDonald’s Company 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.