Greenleaf Trust Sells 724 Shares of McDonald’s Co. (NYSE:MCD)

Greenleaf Trust lessened its position in McDonald’s Co. (NYSE:MCD) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,863 shares of the fast-food giant’s stock after selling 724 shares during the quarter. Greenleaf Trust’s holdings in McDonald’s were worth $9,527,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MCD. Golden State Equity Partners boosted its stake in shares of McDonald’s by 1,958.0% during the fourth quarter. Golden State Equity Partners now owns 8,911 shares of the fast-food giant’s stock valued at $2,583,000 after purchasing an additional 8,478 shares during the period. Berry Wealth Group LP raised its stake in McDonald’s by 18.4% in the fourth quarter. Berry Wealth Group LP now owns 1,075 shares of the fast-food giant’s stock worth $312,000 after buying an additional 167 shares in the last quarter. Journey Strategic Wealth LLC lifted its stake in shares of McDonald’s by 29.0% during the 4th quarter. Journey Strategic Wealth LLC now owns 5,922 shares of the fast-food giant’s stock worth $1,717,000 after purchasing an additional 1,332 shares during the last quarter. Osborne Partners Capital Management LLC boosted its holdings in shares of McDonald’s by 2.8% in the 4th quarter. Osborne Partners Capital Management LLC now owns 1,748 shares of the fast-food giant’s stock valued at $507,000 after buying an additional 48 shares in the last quarter. Finally, Sylvest Advisors LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $226,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.5 %

Shares of MCD opened at $288.83 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization of $206.98 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. The stock has a fifty day simple moving average of $291.12 and a two-hundred day simple moving average of $289.73.

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Truist Financial cut their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, KeyCorp dropped their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.87.

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last 90 days. Company insiders own 0.23% of the company’s stock.

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.