UMB Bank n.a. Sells 2,531 Shares of McDonald’s Co. (NYSE:MCD)

UMB Bank n.a. decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,552 shares of the fast-food giant’s stock after selling 2,531 shares during the quarter. UMB Bank n.a.’s holdings in McDonald’s were worth $39,005,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in McDonald’s by 1.9% in the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock worth $12,281,000 after acquiring an additional 915 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of McDonald’s by 10.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant’s stock valued at $49,856,000 after purchasing an additional 17,995 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of McDonald’s by 10.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 68,939 shares of the fast-food giant’s stock valued at $17,568,000 after buying an additional 6,506 shares during the period. ProShare Advisors LLC raised its stake in McDonald’s by 12.0% in the second quarter. ProShare Advisors LLC now owns 845,870 shares of the fast-food giant’s stock worth $215,562,000 after buying an additional 90,349 shares in the last quarter. Finally, Holderness Investments Co. lifted its holdings in McDonald’s by 0.4% in the second quarter. Holderness Investments Co. now owns 12,595 shares of the fast-food giant’s stock worth $3,210,000 after buying an additional 45 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.4 %

Shares of NYSE:MCD opened at $280.90 on Monday. The business’s 50 day moving average is $292.54 and its 200 day moving average is $287.24. The stock has a market cap of $201.30 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 earnings per share. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial lowered their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Evercore ISI upped their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

About McDonald’s

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.