Crews Bank & Trust Takes Position in McDonald's Co. (NYSE:MCD)

Crews Bank & Trust purchased a new position in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,577 shares of the fast-food giant's stock, valued at approximately $2,486,000.

Other hedge funds have also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora boosted its holdings in shares of McDonald's by 5.0% in the fourth quarter. OLD Second National Bank of Aurora now owns 8,451 shares of the fast-food giant's stock valued at $2,450,000 after buying an additional 406 shares during the period. OLD National Bancorp IN boosted its position in McDonald's by 12.6% during the 4th quarter. OLD National Bancorp IN now owns 35,919 shares of the fast-food giant's stock worth $10,413,000 after acquiring an additional 4,029 shares during the last quarter. DMC Group LLC raised its holdings in shares of McDonald's by 3.3% in the fourth quarter. DMC Group LLC now owns 1,861 shares of the fast-food giant's stock valued at $539,000 after purchasing an additional 59 shares during the last quarter. Abel Hall LLC lifted its position in shares of McDonald's by 5.6% in the fourth quarter. Abel Hall LLC now owns 1,255 shares of the fast-food giant's stock worth $364,000 after purchasing an additional 67 shares in the last quarter. Finally, Baron Wealth Management LLC grew its position in McDonald's by 7.8% in the fourth quarter. Baron Wealth Management LLC now owns 1,690 shares of the fast-food giant's stock valued at $490,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. TD Cowen restated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a report on Tuesday, October 29th. KeyCorp decreased their target price on shares of McDonald's from $330.00 to $320.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. UBS Group upped their price target on shares of McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of McDonald's from $315.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Barclays lifted their price target on McDonald's from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.87.

Insider Buying and Selling

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock worth $2,150,857 in the last 90 days. Insiders own 0.23% of the company's stock.

McDonald's Stock Performance

Shares of NYSE MCD traded down $1.49 during mid-day trading on Friday, reaching $288.83. The company had a trading volume of 2,556,402 shares, compared to its average volume of 2,785,411. McDonald's Co. has a one year low of $243.53 and a one year high of $317.90. The business's 50-day simple moving average is $291.12 and its 200 day simple moving average is $289.51. The firm has a market cap of $206.98 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the business earned $3.19 earnings per share. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald's Co. will post 11.68 EPS for the current year.

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.