Bath Savings Trust Co Acquires 1,850 Shares of McDonald’s Co. (NYSE:MCD)

Bath Savings Trust Co raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,089 shares of the fast-food giant’s stock after purchasing an additional 1,850 shares during the quarter. Bath Savings Trust Co’s holdings in McDonald’s were worth $9,882,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth about $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC bought a new position in McDonald’s during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 0.8 %

MCD stock traded down $2.29 during mid-day trading on Tuesday, hitting $289.89. 1,349,361 shares of the company were exchanged, compared to its average volume of 2,371,385. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a 50 day simple moving average of $294.52 and a 200-day simple moving average of $285.69. The stock has a market capitalization of $207.74 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.19 earnings per share. Equities research analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Analysts Set New Price Targets

MCD has been the subject of several recent analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. KeyCorp raised their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Bank of America raised their price target on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Truist Financial decreased their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.65.

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.