McDonald’s Co. (NYSE:MCD) Shares Bought by First Hawaiian Bank

First Hawaiian Bank increased its holdings in McDonald’s Co. (NYSE:MCD) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,191 shares of the fast-food giant’s stock after purchasing an additional 184 shares during the period. First Hawaiian Bank’s holdings in McDonald’s were worth $3,244,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kennebec Savings Bank acquired a new stake in shares of McDonald’s in the third quarter worth approximately $1,394,000. Charles Schwab Investment Management Inc. increased its position in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after buying an additional 51,210 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after buying an additional 2,997 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in McDonald’s during the third quarter worth approximately $16,870,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.9 %

MCD traded down $2.55 on Wednesday, hitting $286.79. 2,662,827 shares of the company’s stock were exchanged, compared to its average volume of 2,855,805. The stock has a fifty day moving average of $294.40 and a two-hundred day moving average of $285.90. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market cap of $205.52 billion, a PE ratio of 25.18, a P/E/G ratio of 3.95 and a beta of 0.73.

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, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during 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%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. On average, analysts predict that McDonald’s Co. will post 11.75 EPS for the current year.

Analyst Ratings Changes

MCD has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Bank of America boosted 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, Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $320.65.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is owned by company insiders.

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.