McDonald’s Co. (NYSE:MCD) Position Cut by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 3.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,946 shares of the fast-food giant’s stock after selling 72 shares during the period. 180 Wealth Advisors LLC’s holdings in McDonald’s were worth $564,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kennebec Savings Bank acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in McDonald’s by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after acquiring an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after acquiring an additional 2,997 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of McDonald’s in the third quarter worth $16,870,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’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 transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,704 shares of company stock worth $2,829,428 in the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $281.40 on Wednesday. The business’s 50-day simple moving average is $293.43 and its 200-day simple moving average is $286.83. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market cap of $201.66 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate 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 company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company posted $3.19 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current year.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Barclays upped their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

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.