City Holding Co. Has $6.39 Million Stake in McDonald’s Co. (NYSE:MCD)

by · The Markets Daily

City Holding Co. lessened its stake in McDonald’s Co. (NYSE:MCD – Free Report) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,057 shares of the fast-food giant’s stock after selling 5,781 shares during the period. McDonald’s comprises 0.9% of City Holding Co.’s portfolio, making the stock its 25th biggest holding. City Holding Co.’s holdings in McDonald’s were worth $6,394,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. International Assets Investment Management LLC boosted its stake in shares of McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. 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 worth $244,174,000 after purchasing an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of McDonald’s during the third quarter worth $121,254,000. Ameriprise Financial Inc. lifted its position in shares of McDonald’s by 8.0% during 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 in the last quarter. Finally, Zurich Insurance Group Ltd FI grew its stake in shares of McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after purchasing an additional 261,350 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.4 %

MCD stock opened at $280.90 on Monday. The business has a 50 day moving average of $292.54 and a 200-day moving average of $287.24. The firm has a market cap of $201.30 billion, a PE ratio of 24.66, a P/E/G 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.

McDonald’s (NYSE:MCD – Get Free Report) last released its quarterly earnings data 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. 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 last year, the firm earned $3.19 EPS. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. KeyCorp upped their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Bank of America raised their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Check Out Our Latest Stock Report on MCD

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock valued at $2,829,428 in the last quarter. Company insiders own 0.23% of the company’s stock.

About McDonald’s

(Free Report)

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.

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