First County Bank CT Sells 276 Shares of McDonald’s Co. (NYSE:MCD)

First County Bank CT reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,357 shares of the fast-food giant’s stock after selling 276 shares during the period. First County Bank CT’s holdings in McDonald’s were worth $1,263,000 at the end of the most recent quarter.

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

McDonald’s Stock Down 1.1 %

MCD traded down $3.07 during trading on Tuesday, hitting $289.11. 1,737,689 shares of the company traded hands, compared to its average volume of 2,457,491. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock’s fifty day moving average is $294.52 and its 200 day moving average is $285.69. The firm has a market cap of $207.18 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its 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 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 was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 EPS. On average, equities research analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. This trade 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 at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % 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 valued at $3,556,688. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MCD. BMO Capital Markets boosted their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.65.

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.