Stock Yards Bank & Trust Co. Sells 2,975 Shares of McDonald’s Co. (NYSE:MCD)

Stock Yards Bank & Trust Co. cut its holdings in McDonald’s Co. (NYSE:MCD) by 5.5% during the 4th quarter, Holdings Channel reports. The firm owned 50,895 shares of the fast-food giant’s stock after selling 2,975 shares during the period. Stock Yards Bank & Trust Co.’s holdings in McDonald’s were worth $14,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Valley National Advisers Inc. raised its holdings in shares of McDonald’s by 1.7% during the fourth quarter. Valley National Advisers Inc. now owns 12,760 shares of the fast-food giant’s stock valued at $3,698,000 after acquiring an additional 212 shares in the last quarter. Citadel Investment Advisory Inc. increased its position in McDonald’s by 1.9% during the 4th quarter. Citadel Investment Advisory Inc. now owns 11,199 shares of the fast-food giant’s stock valued at $3,246,000 after purchasing an additional 206 shares during the period. Level Wealth Management LLC bought a new position in McDonald’s in the 4th quarter worth $299,000. Round Rock Advisors LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth about $353,000. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in shares of McDonald’s by 8.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 53,219 shares of the fast-food giant’s stock valued at $15,428,000 after purchasing an additional 4,033 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5 %

Shares of MCD stock opened at $288.83 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $206.98 billion, a P/E ratio of 25.36, a P/E/G ratio of 3.83 and a beta of 0.74. The company has a 50 day simple moving average of $291.12 and a two-hundred day simple moving average of $289.73.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last 90 days. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MCD shares. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Citigroup increased their target price on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Morgan Stanley dropped their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Evercore ISI raised their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $320.87.

McDonald’s Company 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.