Bath Savings Trust Co Acquires 1,850 Shares of McDonald’s Co. (NYSE:MCD)

Bath Savings Trust Co grew its holdings in McDonald’s Co. (NYSE:MCD) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,089 shares of the fast-food giant’s stock after acquiring an additional 1,850 shares during the period. Bath Savings Trust Co’s holdings in McDonald’s were worth $9,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in McDonald’s during the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at about $31,000. Hara Capital LLC bought a new position in shares of McDonald’s in the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s in the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s during the third quarter worth approximately $72,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MCD. Citigroup upped their price objective on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. UBS Group raised their price target on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $320.65.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Down 0.8 %

NYSE:MCD traded down $2.29 on Tuesday, reaching $289.89. The stock had a trading volume of 1,349,361 shares, compared to its average volume of 2,371,385. The company has a market capitalization of $207.74 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. The stock has a fifty day moving average price of $294.52 and a 200-day moving average price of $285.69. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $3.19 EPS. Sell-side analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

McDonald’s 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.