McDonald’s Co. (NYSE:MCD) Position Increased by First Hawaiian Bank

First Hawaiian Bank boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,191 shares of the fast-food giant’s stock after purchasing an additional 184 shares during the period. First Hawaiian Bank’s holdings in McDonald’s were worth $3,244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s in the third quarter worth approximately $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the 3rd quarter valued at $58,000. Finally, FSA Wealth Management LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock traded down $2.55 during trading hours on Wednesday, hitting $286.79. 2,662,827 shares of the stock were exchanged, compared to its average volume of 2,855,805. The stock has a market capitalization of $205.52 billion, a P/E ratio of 25.18, a P/E/G ratio of 3.95 and a beta of 0.73. The business’s 50-day moving average is $294.40 and its two-hundred day moving average is $285.90. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for 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%. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.19 EPS. On average, equities analysts predict that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Insider Activity

In other McDonald’s 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 transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. This trade represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial cut their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.65.

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.