UMB Bank n.a. Trims Stock Position in McDonald’s Corporation $MCD

UMB Bank n.a. reduced its position in shares of McDonald’s Corporation (NYSE:MCD) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,795 shares of the fast-food giant’s stock after selling 2,144 shares during the period. UMB Bank n.a.’s holdings in McDonald’s were worth $39,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of McDonald’s in the 2nd quarter worth approximately $2,780,712,000. Laurel Wealth Advisors LLC raised its position in McDonald’s by 29,382.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock worth $1,676,339,000 after purchasing an additional 5,718,087 shares during the period. Soundwatch Capital LLC purchased a new position in McDonald’s in the 2nd quarter worth $1,412,069,000. Viking Global Investors LP lifted its stake in McDonald’s by 171.7% in the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock worth $913,157,000 after purchasing an additional 1,974,998 shares during the last quarter. Finally, Amundi boosted its position in McDonald’s by 96.0% during the second quarter. Amundi now owns 4,032,676 shares of the fast-food giant’s stock valued at $1,188,147,000 after buying an additional 1,974,751 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $305.50, for a total transaction of $2,006,218.50. Following the sale, the executive vice president directly owned 4,606 shares of the company’s stock, valued at $1,407,133. This trade represents a 58.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total transaction of $795,520.00. Following the sale, the executive vice president directly owned 6,268 shares in the company, valued at approximately $2,005,760. The trade was a 28.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 45,142 shares of company stock valued at $13,841,169. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MCD. Robert W. Baird boosted their target price on McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. TD Cowen reaffirmed a “hold” rating on shares of McDonald’s in a research note on Thursday, January 8th. Morgan Stanley set a $335.00 price objective on McDonald’s in a research report on Friday, October 17th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Finally, Truist Financial lifted their target price on shares of McDonald’s from $350.00 to $356.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $328.88.

McDonald’s Stock Down 0.2%

MCD opened at $314.86 on Friday. McDonald’s Corporation has a 52 week low of $283.47 and a 52 week high of $326.32. The stock has a market cap of $224.23 billion, a PE ratio of 26.87, a PEG ratio of 3.19 and a beta of 0.53. The business has a 50 day moving average of $309.76 and a 200-day moving average of $306.46.

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

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.