McDonald’s Co. (NYSE:MCD) Shares Sold by TrueWealth Advisors LLC

TrueWealth Advisors LLC lessened its holdings in McDonald’s Co. (NYSE:MCD) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,334 shares of the fast-food giant’s stock after selling 36 shares during the period. TrueWealth Advisors LLC’s holdings in McDonald’s were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MCD. American Century Companies Inc. increased its position in shares of McDonald’s by 1.9% during the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after acquiring an additional 915 shares during the last quarter. Brighton Jones LLC boosted its position in shares of McDonald’s by 8.4% during the 2nd quarter. Brighton Jones LLC now owns 8,291 shares of the fast-food giant’s stock worth $2,113,000 after purchasing an additional 646 shares during the period. Trust Investment Advisors acquired a new stake in McDonald’s in the 2nd quarter valued at approximately $328,000. Wealth Advisors of Tampa Bay LLC raised its position in McDonald’s by 12.1% in the second quarter. Wealth Advisors of Tampa Bay LLC now owns 17,446 shares of the fast-food giant’s stock valued at $4,446,000 after purchasing an additional 1,880 shares during the period. Finally, Retirement Investment Advisors Inc. acquired a new position in McDonald’s during the second quarter worth $248,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 in the last 90 days. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MCD shares. Wells Fargo & Company boosted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Barclays boosted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Evercore ISI upped their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $321.39.

McDonald’s Stock Performance

MCD opened at $280.90 on Friday. The stock has a market capitalization of $201.30 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50-day simple moving average is $292.90 and its 200-day simple moving average is $286.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.19 earnings per share. On average, equities research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Company 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.