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


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

Trust Co. of Vermont grew its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,222 shares of the fast-food giant's stock after acquiring 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.

Several other institutional investors have also modified their holdings of MCD. Premier Path Wealth Partners LLC raised its position in shares of McDonald's by 6.2% in the 4th quarter. Premier Path Wealth Partners LLC now owns 5,142 shares of the fast-food giant's stock valued at $1,491,000 after purchasing an additional 300 shares in the last quarter. Sanibel Captiva Trust Company Inc. increased its stake in shares of McDonald's by 4.9% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 29,612 shares of the fast-food giant's stock worth $8,584,000 after buying an additional 1,373 shares during the last quarter. Verity & Verity LLC acquired a new stake in McDonald's in the fourth quarter valued at $1,166,000. Integrated Investment Consultants LLC boosted its stake in McDonald's by 29.5% during the 4th quarter. Integrated Investment Consultants LLC now owns 21,975 shares of the fast-food giant's stock valued at $6,370,000 after acquiring an additional 5,005 shares during the last quarter. Finally, Spring Capital Management LLC grew its holdings in McDonald's by 4.0% during the 4th quarter. Spring Capital Management LLC now owns 18,765 shares of the fast-food giant's stock worth $5,440,000 after acquiring an additional 720 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

MCD stock traded up $1.16 during midday trading on Friday, reaching $280.90. The company had a trading volume of 3,304,829 shares, 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 PEG ratio of 3.67 and a beta of 0.73. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a 50 day moving average of $292.90 and a two-hundred day moving average of $286.75.

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 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 firm's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.19 EPS. On average, sell-side analysts anticipate that McDonald's Co. will post 11.73 earnings per share for the current year.

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock valued at $2,829,428 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on MCD shares. 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 research report on Wednesday, October 23rd. Evercore ISI lifted their target price on McDonald's from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Bank of America upped their price target on McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, Barclays increased their target price on shares of McDonald's from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and an average price target of $321.39.

View Our Latest Research Report on McDonald's

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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