BTC Capital Management Inc. Sells 525 Shares of McDonald’s Co. (NYSE:MCD)

BTC Capital Management Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,431 shares of the fast-food giant’s stock after selling 525 shares during the quarter. BTC Capital Management Inc.’s holdings in McDonald’s were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of McDonald’s by 312.9% in the 2nd 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 during the period. Centaurus Financial Inc. lifted its position in shares of McDonald’s by 3.6% during the 2nd quarter. Centaurus Financial Inc. now owns 5,387 shares of the fast-food giant’s stock valued at $1,373,000 after buying an additional 187 shares in the last quarter. Czech National Bank increased its holdings in McDonald’s by 6.4% in the 3rd quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock worth $44,498,000 after acquiring an additional 8,797 shares in the last quarter. Apella Capital LLC raised its stake in McDonald’s by 13.8% during the 3rd quarter. Apella Capital LLC now owns 6,440 shares of the fast-food giant’s stock worth $1,956,000 after acquiring an additional 780 shares during the period. Finally, Chemung Canal Trust Co. lifted its holdings in McDonald’s by 57.8% during the third quarter. Chemung Canal Trust Co. now owns 30,676 shares of the fast-food giant’s stock valued at $9,341,000 after purchasing an additional 11,233 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wedbush restated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Morgan Stanley lowered their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. BMO Capital Markets increased their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America upped their target price on shares of 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 target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

McDonald’s Trading Down 0.5 %

Shares of NYSE MCD opened at $288.83 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s fifty day simple moving average is $291.15 and its two-hundred day simple moving average is $289.25. The stock has a market capitalization of $206.98 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the company posted $3.19 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict 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.