UMB Bank n.a. Sells 2,144 Shares of McDonald’s Corporation $MCD

UMB Bank n.a. decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 1.6% in the third quarter, HoldingsChannel.com reports. The fund owned 128,795 shares of the fast-food giant’s stock after selling 2,144 shares during the quarter. UMB Bank n.a.’s holdings in McDonald’s were worth $39,140,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the 2nd quarter worth $25,000. Decker Retirement Planning Inc. increased its holdings in shares of McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Evergreen Private Wealth LLC lifted its position in shares of McDonald’s by 162.5% in the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after buying an additional 52 shares in the last quarter. GFG Capital LLC bought a new position in McDonald’s during the second quarter valued at approximately $29,000. Finally, Financial Gravity Companies Inc. purchased a new position in McDonald’s during the 2nd quarter valued at approximately $29,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the sale, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at approximately $8,169,430. This represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the transaction, the insider directly owned 6,088 shares of the company’s stock, valued at $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 45,142 shares of company stock worth $13,841,169 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Robert W. Baird upped their price objective on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Wells Fargo & Company increased their price objective on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Piper Sandler restated a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a report on Wednesday, October 22nd. Truist Financial increased their price target on shares of McDonald’s from $350.00 to $356.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Mizuho upgraded McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $328.88.

McDonald’s Price Performance

MCD stock opened at $314.86 on Friday. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $326.32. The business has a 50-day moving average price of $309.76 and a 200 day moving average price of $306.46. The company has a market capitalization of $224.23 billion, a P/E ratio of 26.87, a PEG ratio of 3.19 and a beta of 0.53.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the company posted $3.23 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.