McDonald’s Corporation $MCD Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its stake in shares of McDonald’s Corporation (NYSE:MCD) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,395 shares of the fast-food giant’s stock after selling 12,211 shares during the period. Keybank National Association OH owned about 0.05% of McDonald’s worth $114,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the second quarter valued at about $25,000. Decker Retirement Planning Inc. grew its stake in McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Evergreen Private Wealth LLC raised its holdings in McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after acquiring an additional 52 shares during the last quarter. GFG Capital LLC purchased a new position in McDonald’s in the 2nd quarter worth approximately $29,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.2%

Shares of NYSE:MCD opened at $314.86 on Friday. The company has a market capitalization of $224.23 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.19 and a beta of 0.53. McDonald’s Corporation has a 12-month low of $283.47 and a 12-month high of $326.32. The business has a 50-day moving average price of $309.76 and a 200 day moving average price of $306.41.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $3.23 EPS. As a group, equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on MCD shares. Citigroup cut their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Guggenheim upped their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Finally, Royal Bank Of Canada began coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $328.88.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,486 shares of McDonald’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total value of $795,520.00. Following the completion of the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 2,626 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $306.58, for a total value of $805,079.08. Following the completion of the sale, the insider owned 5,398 shares in the company, valued at $1,654,918.84. This represents a 32.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 45,142 shares of company stock worth $13,841,169 over the last quarter. Company insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.