Legacy Private Trust Co. Sells 192 Shares of Mcdonald’s Corp (MCD)

Legacy Private Trust Co. decreased its position in shares of Mcdonald’s Corp (NYSE:MCD) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,626 shares of the fast-food giant’s stock after selling 192 shares during the period. Legacy Private Trust Co.’s holdings in Mcdonald’s were worth $878,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC increased its position in Mcdonald’s by 15.3% during the 4th quarter. FMR LLC now owns 21,356,753 shares of the fast-food giant’s stock worth $3,792,318,000 after buying an additional 2,831,716 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Mcdonald’s by 16,975.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,998,095 shares of the fast-food giant’s stock worth $84,000 after purchasing an additional 14,910,259 shares during the period. Northern Trust Corp increased its position in shares of Mcdonald’s by 2.8% in the fourth quarter. Northern Trust Corp now owns 11,680,799 shares of the fast-food giant’s stock worth $2,074,161,000 after purchasing an additional 317,676 shares during the period. Geode Capital Management LLC increased its position in shares of Mcdonald’s by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 9,441,973 shares of the fast-food giant’s stock worth $1,673,764,000 after purchasing an additional 683,872 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Mcdonald’s by 4.8% in the fourth quarter. Bank of New York Mellon Corp now owns 8,347,633 shares of the fast-food giant’s stock worth $1,482,289,000 after purchasing an additional 383,089 shares during the period. Hedge funds and other institutional investors own 69.03% of the company’s stock.

In other news, CFO Kevin M. Ozan sold 40,930 shares of Mcdonald’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the sale, the chief financial officer now directly owns 42,647 shares of the company’s stock, valued at $8,354,547.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jerome N. Krulewitch sold 20,641 shares of Mcdonald’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $196.40, for a total value of $4,053,892.40. Following the sale, the executive vice president now directly owns 20,641 shares in the company, valued at $4,053,892.40. The disclosure for this sale can be found here. Insiders sold 100,300 shares of company stock worth $19,632,367 over the last ninety days. 0.25% of the stock is currently owned by insiders.

A number of brokerages recently commented on MCD. Mizuho raised their price target on Mcdonald’s from $204.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Barclays raised their price target on Mcdonald’s from $208.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. BTIG Research raised their price target on Mcdonald’s to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. SunTrust Banks raised their price target on Mcdonald’s to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Bank of America raised their price target on Mcdonald’s from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $202.39.

NYSE:MCD opened at $199.22 on Monday. The stock has a market capitalization of $152.12 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. Mcdonald’s Corp has a twelve month low of $153.13 and a twelve month high of $200.63.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.01). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. Mcdonald’s had a net margin of 28.20% and a negative return on equity of 95.31%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $1.79 earnings per share. Equities analysts predict that Mcdonald’s Corp will post 8.04 EPS for the current fiscal year.

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Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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