Monarch Capital Management Inc. Has $11.50 Million Position in McDonald’s Co. (NYSE:MCD)

Monarch Capital Management Inc. lowered its stake in McDonald’s Co. (NYSE:MCD) by 0.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,656 shares of the fast-food giant’s stock after selling 105 shares during the period. McDonald’s makes up 3.1% of Monarch Capital Management Inc.’s portfolio, making the stock its 6th largest holding. Monarch Capital Management Inc.’s holdings in McDonald’s were worth $11,496,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new position in shares of McDonald’s in the third quarter valued at about $1,394,000. Charles Schwab Investment Management Inc. boosted its holdings in McDonald’s by 0.9% in 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 period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of McDonald’s by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after purchasing an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after purchasing an additional 2,997 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $16,870,000. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MCD. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. The Goldman Sachs Group boosted their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Truist Financial reduced their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, 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. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $280.90 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company’s 50-day moving average is $292.54 and its 200 day moving average is $286.97. The company has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.67 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $3.19 EPS. McDonald’s’s quarterly revenue 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 earnings per share for the current year.

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.