Park National Corp OH Sells 932 Shares of McDonald’s Co. (NYSE:MCD)

Park National Corp OH decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,884 shares of the fast-food giant’s stock after selling 932 shares during the quarter. McDonald’s comprises approximately 1.3% of Park National Corp OH’s investment portfolio, making the stock its 22nd largest holding. Park National Corp OH’s holdings in McDonald’s were worth $35,043,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’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 completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,050 shares of company stock worth $3,556,688 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their target price on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, TD Cowen reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $320.65.

McDonald’s Trading Down 1.0 %

McDonald’s stock opened at $289.38 on Wednesday. The business’s 50 day simple moving average is $294.40 and its 200 day simple moving average is $285.90. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market cap of $207.38 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued 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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

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.