Midwest Trust Co Acquires 7,182 Shares of McDonald’s Corporation $MCD

Midwest Trust Co boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 3.4% in the fourth quarter, HoldingsChannel reports. The fund owned 221,236 shares of the fast-food giant’s stock after acquiring an additional 7,182 shares during the period. McDonald’s accounts for 0.8% of Midwest Trust Co’s portfolio, making the stock its 27th biggest holding. Midwest Trust Co’s holdings in McDonald’s were worth $67,616,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MCD. Pittenger & Anderson Inc. increased its position in McDonald’s by 21.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant’s stock valued at $6,567,000 after buying an additional 3,866 shares in the last quarter. Schroder Investment Management Group raised its stake in McDonald’s by 5.2% during the third quarter. Schroder Investment Management Group now owns 1,029,572 shares of the fast-food giant’s stock valued at $312,877,000 after buying an additional 51,039 shares during the last quarter. National Pension Service boosted its holdings in McDonald’s by 2.5% in the third quarter. National Pension Service now owns 1,533,015 shares of the fast-food giant’s stock worth $465,868,000 after acquiring an additional 37,744 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of McDonald’s in the third quarter worth $1,697,000. Finally, Turtle Creek Wealth Advisors LLC grew its stake in shares of McDonald’s by 15.6% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 43,592 shares of the fast-food giant’s stock worth $13,247,000 after acquiring an additional 5,879 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s beat Q1 earnings and revenue estimates, with EPS of $2.83 and revenue of $6.52 billion, helping reassure investors that the brand is still executing well in a tougher consumer environment. Article Title
• Positive Sentiment: Global comparable sales rose 3.8%, supported by value meals, loyalty spending, and new menu items such as the Big Arch burger and specialty drinks, showing McDonald’s value push is driving traffic and sales growth. Article Title
• Positive Sentiment: Several analysts kept bullish ratings even as they trimmed price targets, reflecting confidence that McDonald’s can keep gaining share and recover if consumer demand stabilizes. Article Title

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MCD shares. Evercore set a $350.00 price target on McDonald’s in a research report on Friday. Erste Group Bank lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. UBS Group lifted their target price on shares of McDonald’s from $350.00 to $365.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Wells Fargo & Company dropped their target price on shares of McDonald’s from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, TD Cowen cut their price target on shares of McDonald’s from $330.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.14.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $275.62 on Friday. McDonald’s Corporation has a 1 year low of $274.83 and a 1 year high of $341.75. The company has a market cap of $195.92 billion, a P/E ratio of 22.72, a PEG ratio of 2.56 and a beta of 0.43. The stock’s fifty day moving average price is $311.40 and its 200-day moving average price is $311.40.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 395.08% and a net margin of 31.62%.The company had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the company earned $2.67 EPS. McDonald’s’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald’s Corporation will post 13.04 earnings per share for the current year.

Insider Activity at McDonald’s

In other news, CMO Edith Morgan Flatley sold 4,692 shares of McDonald’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $331.00, for a total value of $1,553,052.00. Following the completion of the sale, the chief marketing officer directly owned 6,200 shares in the company, valued at $2,052,200. The trade was a 43.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 26,276 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $333.54, for a total transaction of $8,764,097.04. Following the transaction, the chief executive officer directly owned 22,900 shares of the company’s stock, valued at $7,638,066. The trade was a 53.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 71,990 shares of company stock worth $23,824,113. 0.26% of the stock is owned by insiders.

About McDonald’s

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.