Vigilare Wealth Management Trims Holdings in McDonald’s Co. (NYSE:MCD)


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Vigilare Wealth Management decreased its holdings in McDonald’s Co. (NYSE:MCD) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,215 shares of the fast-food giant’s stock after selling 957 shares during the quarter. Vigilare Wealth Management’s holdings in McDonald’s were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Price Wealth LLC lifted its holdings in McDonald’s by 100.0% in the 3rd quarter. Price Wealth LLC now owns 122 shares of the fast-food giant’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. Catalyst Private Wealth LLC bought a new stake in shares of McDonald’s during the third quarter valued at about $27,000. Fiduciary Planning LLC bought a new stake in shares of McDonald’s during the third quarter valued at about $30,000. Baron Financial Group LLC bought a new stake in shares of McDonald’s during the third quarter valued at about $33,000. Finally, Lenox Wealth Advisors LLC raised its stake in shares of McDonald’s by 66.1% during the third quarter. Lenox Wealth Advisors LLC now owns 211 shares of the fast-food giant’s stock valued at $46,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 57.00% of the company’s stock.

In other news, insider Ian Frederick Borden sold 4,149 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $215.75, for a total transaction of $895,146.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Francesca A. Debiase sold 21,930 shares of the stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $215.62, for a total value of $4,728,546.60. Following the completion of the transaction, the executive vice president now directly owns 23,048 shares in the company, valued at approximately $4,969,609.76. The disclosure for this sale can be found here. Insiders have sold 33,456 shares of company stock worth $7,214,101 in the last ninety days. 0.25% of the stock is currently owned by insiders.

MCD has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on shares of McDonald’s from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Tuesday, November 10th. Royal Bank of Canada lifted their target price on McDonald’s from $220.00 to $245.00 and gave the stock an “outperform” rating in a report on Tuesday, November 3rd. Oppenheimer raised McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 target price on the stock in a report on Thursday, January 7th. Truist lowered their target price on McDonald’s from $246.00 to $235.00 in a report on Tuesday, November 10th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on McDonald’s in a report on Monday, January 4th. They set a “neutral” rating and a $230.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. McDonald’s presently has an average rating of “Buy” and a consensus target price of $231.26.

NYSE:MCD traded down $1.52 on Thursday, hitting $210.57. 53,860 shares of the company’s stock traded hands, compared to its average volume of 2,882,884. McDonald’s Co. has a 1 year low of $124.23 and a 1 year high of $231.91. The firm has a 50-day moving average price of $212.99 and a 200-day moving average price of $210.88. The company has a market cap of $156.90 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 4.13 and a beta of 0.58.

McDonald’s (NYSE:MCD) last released its earnings results on Saturday, November 14th. The fast-food giant reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.32. McDonald’s had a negative return on equity of 53.62% and a net margin of 25.60%. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that McDonald’s Co. will post 6.2 earnings per share for the current fiscal year.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for McDonald`s (NYSE:MCD)

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