Bill Few Associates Inc. Sells 421 Shares of McDonald’s Co. (NYSE:MCD)

Bill Few Associates Inc. trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,610 shares of the fast-food giant’s stock after selling 421 shares during the quarter. Bill Few Associates Inc.’s holdings in McDonald’s were worth $1,046,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research reports. Loop Capital reissued a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley decreased their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $321.22.

McDonald’s Stock Down 0.5 %

McDonald’s stock opened at $281.30 on Thursday. The company has a market capitalization of $201.58 billion, a PE ratio of 24.70, a PEG ratio of 3.68 and a beta of 0.73. The firm’s fifty day moving average is $291.49 and its 200 day moving average is $287.90. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating 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 business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the company posted $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,605 shares of company stock valued at $2,508,102 over the last three months. Corporate insiders own 0.23% of the company’s stock.

About McDonald’s

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.