First National Bank of Mount Dora Trust Investment Services Grows Position in McDonald’s Co. (NYSE:MCD)

First National Bank of Mount Dora Trust Investment Services raised its position in McDonald’s Co. (NYSE:MCD) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,921 shares of the fast-food giant’s stock after purchasing an additional 88 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in McDonald’s were worth $3,746,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MCD. International Assets Investment Management LLC raised its holdings in shares of McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after buying an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after buying an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald’s during the 3rd quarter valued at about $121,254,000. Ameriprise Financial Inc. raised its holdings in shares of McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock valued at $1,216,677,000 after buying an additional 354,196 shares during the period. Finally, Westwood Holdings Group Inc. raised its holdings in shares of McDonald’s by 3,846.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 273,640 shares of the fast-food giant’s stock valued at $69,734,000 after buying an additional 266,707 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.4 %

Shares of NYSE MCD opened at $280.90 on Friday. The company has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s 50 day simple moving average is $292.90 and its 200 day simple moving average is $286.75.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping 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 negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. As a group, equities analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. Morgan Stanley raised their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Barclays raised their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and raised their price objective for the company from $311.00 to $334.00 in a research note on Friday, January 10th. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,704 shares of company stock valued at $2,829,428. Insiders own 0.23% of the company’s stock.

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.