Texas Bank & Trust Co Takes Position in McDonald's Co. (NYSE:MCD)

Texas Bank & Trust Co bought a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,250 shares of the fast-food giant's stock, valued at approximately $2,971,000. McDonald's accounts for about 1.2% of Texas Bank & Trust Co's portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mattern Capital Management LLC boosted its holdings in McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank boosted its holdings in McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after purchasing an additional 371 shares during the period. YANKCOM Partnership bought a new position in McDonald's in the 4th quarter valued at $1,628,000. Integral Investment Advisors Inc. boosted its holdings in McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after purchasing an additional 164 shares during the period. Finally, Aviva PLC boosted its holdings in McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now owns 12,100 shares of the company's stock, valued at approximately $3,853,850. The trade was a 7.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This represents a 15.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,636 shares of company stock valued at $5,420,722. Company insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of MCD opened at $318.51 on Friday. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a 50-day moving average of $310.04 and a 200 day moving average of $300.70. The firm has a market capitalization of $227.76 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the business posted $2.70 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on MCD. Bank of America raised their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Truist Financial set a $350.00 price objective on shares of McDonald's in a report on Friday, May 2nd. Wedbush lifted their price objective on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, KeyCorp lifted their price objective on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, McDonald's has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.

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