McDonald's Co. (NYSE:MCD) Stake Lowered by UMB Bank n.a.

UMB Bank n.a. decreased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,552 shares of the fast-food giant's stock after selling 2,531 shares during the period. UMB Bank n.a.'s holdings in McDonald's were worth $39,005,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in McDonald's by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant's stock worth $706,202,000 after acquiring an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in McDonald's by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock valued at $244,174,000 after acquiring an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of McDonald's during the third quarter valued at approximately $121,254,000. Ameriprise Financial Inc. raised its position in shares of McDonald's by 8.0% during the 2nd 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 period. Finally, Zurich Insurance Group Ltd FI lifted its holdings in shares of McDonald's by 3,580.1% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant's stock worth $81,807,000 after purchasing an additional 261,350 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock worth $2,829,428 in the last quarter. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BMO Capital Markets upped their price objective on McDonald's from $315.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Bank of America upped their price target on shares of McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Loop Capital reaffirmed a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. UBS Group boosted their target price on shares of McDonald's from $305.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company raised their price target on shares of McDonald's from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. 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 company has an average rating of "Moderate Buy" and an average target price of $321.39.

McDonald's Stock Up 0.4 %

NYSE:MCD traded up $1.16 during trading hours on Monday, reaching $280.90. 3,304,829 shares of the company's stock were exchanged, compared to its average volume of 2,456,984. The company has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The business's 50-day simple moving average is $292.54 and its two-hundred day simple moving average is $287.50.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $3.19 EPS. As a group, sell-side analysts anticipate that McDonald's Co. will post 11.73 earnings per share for the current fiscal 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.