City Holding Co. Has $6.39 Million Stock Position in McDonald's Co. (NYSE:MCD)

City Holding Co. cut its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 20.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,057 shares of the fast-food giant's stock after selling 5,781 shares during the period. McDonald's comprises about 0.9% of City Holding Co.'s investment portfolio, making the stock its 25th biggest holding. City Holding Co.'s holdings in McDonald's were worth $6,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ellsworth Advisors LLC grew its holdings in McDonald's by 2.8% during the 4th quarter. Ellsworth Advisors LLC now owns 20,013 shares of the fast-food giant's stock worth $5,802,000 after acquiring an additional 549 shares in the last quarter. Cambridge Advisors Inc. lifted its position in shares of McDonald's by 11.7% during the fourth quarter. Cambridge Advisors Inc. now owns 908 shares of the fast-food giant's stock worth $263,000 after purchasing an additional 95 shares during the last quarter. Liberty One Investment Management LLC grew its stake in McDonald's by 0.9% in the fourth quarter. Liberty One Investment Management LLC now owns 104,315 shares of the fast-food giant's stock worth $30,240,000 after purchasing an additional 973 shares in the last quarter. Cadinha & Co. LLC increased its holdings in McDonald's by 75.4% in the fourth quarter. Cadinha & Co. LLC now owns 90,297 shares of the fast-food giant's stock valued at $26,176,000 after buying an additional 38,805 shares during the last quarter. Finally, J2 Capital Management Inc acquired a new stake in McDonald's during the fourth quarter valued at approximately $539,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald's news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company's stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction that occurred on Wednesday, October 23rd. The stock was 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 in the company, valued at approximately $3,036,366.30. This trade represents 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 worth $2,829,428. Corporate insiders own 0.23% of the company's stock.

McDonald's Stock Performance

Shares of MCD stock traded up $1.16 during mid-day trading on Monday, hitting $280.90. 3,304,829 shares of the stock traded hands, compared to its average volume of 2,456,984. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company's 50-day simple moving average is $292.54 and its 200-day simple moving average is $287.50. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts' expectations of $6.82 billion. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald's's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 earnings per share. Analysts forecast that McDonald's Co. will post 11.73 earnings per share for the current year.

Analyst Ratings Changes

MCD has been the subject of several research reports. Barclays boosted their price target on McDonald's from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Baird R W lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Truist Financial reduced their price target on shares of McDonald's from $350.00 to $342.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Finally, TD Cowen reissued a "hold" rating and issued a $300.00 target price on shares of McDonald's in a report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $321.39.

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.