McDonald’s Co. (NYSE:MCD) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,860 shares of the fast-food giant’s stock after selling 550 shares during the period. McDonald’s makes up 2.0% of Bard Financial Services Inc.’s portfolio, making the stock its 6th biggest position. Bard Financial Services Inc.’s holdings in McDonald’s were worth $16,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the third quarter worth $31,000. Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s in the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s during the third quarter worth about $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Barclays increased their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, KeyCorp boosted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $320.65.

McDonald’s Stock Down 0.3 %

MCD traded down $0.92 during trading on Monday, hitting $293.86. 1,242,478 shares of the company traded hands, compared to its average volume of 2,177,527. The stock’s fifty day moving average is $294.61 and its 200 day moving average is $285.42. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $210.59 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted 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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company earned $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Co. will post 11.75 EPS for the current fiscal year.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is currently owned by insiders.

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.