Adirondack Trust Co. Has $3.44 Million Holdings in McDonald’s Co. (NYSE:MCD)

Adirondack Trust Co. trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,866 shares of the fast-food giant’s stock after selling 195 shares during the quarter. McDonald’s makes up about 1.3% of Adirondack Trust Co.’s investment portfolio, making the stock its 17th largest holding. Adirondack Trust Co.’s holdings in McDonald’s were worth $3,440,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the third quarter worth $58,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of McDonald’s in the third quarter worth $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $281.30 on Thursday. The company has a market cap of $201.58 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.68 and a beta of 0.73. The stock has a fifty day moving average price of $291.49 and a two-hundred day moving average price of $287.90. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly 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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the business posted $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MCD. Truist Financial cut their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. 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 reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $321.22.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on 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 sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,605 shares of company stock valued at $2,508,102. Insiders own 0.23% of the company’s stock.

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.