McDonald's Co. (NYSE:MCD) Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont boosted its position in McDonald's Co. (NYSE:MCD - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,222 shares of the fast-food giant's stock after purchasing an additional 1,461 shares during the period. Trust Co. of Vermont's holdings in McDonald's were worth $14,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in McDonald's by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant's stock valued at $4,833,510,000 after acquiring an additional 220,365 shares during the period. Wellington Management Group LLP increased its holdings in McDonald's by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock valued at $4,592,892,000 after acquiring an additional 128,800 shares during the last quarter. Legal & General Group Plc lifted its stake in McDonald's by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant's stock worth $1,567,030,000 after purchasing an additional 188,888 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of McDonald's by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of McDonald's by 8.0% in the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant's stock worth $1,216,677,000 after purchasing an additional 354,196 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MCD. Wedbush restated an "outperform" rating and set a $295.00 price target on shares of McDonald's in a report on Wednesday, October 23rd. Robert W. Baird downgraded shares of McDonald's from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Morgan Stanley increased their price target on shares of McDonald's from $296.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Finally, Evercore ISI upped their price objective on McDonald's from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $321.39.

McDonald's Stock Up 0.4 %

Shares of NYSE MCD traded up $1.16 during midday trading on Friday, reaching $280.90. 3,304,829 shares of the company's stock traded hands, compared to its average volume of 2,456,984. The company has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. The stock's 50 day simple moving average is $292.54 and its 200-day simple moving average is $287.24. McDonald's Co. has a one year low of $243.53 and a one year high of $317.90.

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, beating analysts' consensus estimates of $3.18 by $0.05. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $3.19 EPS. The business's revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that McDonald's Co. will post 11.73 EPS for the current fiscal year.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company's stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the transaction, the insider now directly owns 10,385 shares of the company's stock, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by insiders.

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.