McDonald’s Co. (NYSE:MCD) Shares Sold by Kennebec Savings Bank

Kennebec Savings Bank reduced its stake in McDonald’s Co. (NYSE:MCD) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,529 shares of the fast-food giant’s stock after selling 50 shares during the quarter. McDonald’s accounts for 1.3% of Kennebec Savings Bank’s portfolio, making the stock its 17th biggest position. Kennebec Savings Bank’s holdings in McDonald’s were worth $1,285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in McDonald’s by 312.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,370 shares of the fast-food giant’s stock worth $10,543,000 after purchasing an additional 31,351 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of McDonald’s by 3.6% in the 2nd quarter. Centaurus Financial Inc. now owns 5,387 shares of the fast-food giant’s stock valued at $1,373,000 after acquiring an additional 187 shares in the last quarter. Mattson Financial Services LLC purchased a new position in shares of McDonald’s during the second quarter valued at $2,740,000. Jacobs & Co. CA boosted its holdings in shares of McDonald’s by 5.0% during the third quarter. Jacobs & Co. CA now owns 43,238 shares of the fast-food giant’s stock worth $13,166,000 after purchasing an additional 2,072 shares during the period. Finally, Appleton Partners Inc. MA lifted its position in McDonald’s by 9.1% in the 3rd quarter. Appleton Partners Inc. MA now owns 19,241 shares of the fast-food giant’s stock worth $5,859,000 after buying an additional 1,603 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Barclays raised their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Truist Financial cut their price objective 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. Finally, Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,406 shares of company stock worth $2,150,857. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.0 %

Shares of McDonald’s stock opened at $290.19 on Friday. The stock has a market cap of $207.96 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 3.85 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company’s fifty day moving average is $291.11 and its 200 day moving average is $289.24.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 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 analyst estimates of $6.82 billion. During the same period in the previous year, the company posted $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that McDonald’s Co. will post 11.68 earnings per share for the current fiscal year.

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.