Traynor Capital Management Inc. Sells 353 Shares of McDonald’s Co. (NYSE:MCD)

Traynor Capital Management Inc. reduced its holdings in McDonald’s Co. (NYSE:MCD) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,194 shares of the fast-food giant’s stock after selling 353 shares during the quarter. Traynor Capital Management Inc.’s holdings in McDonald’s were worth $1,796,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’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 in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,605 shares of company stock worth $2,508,102. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD opened at $281.30 on Thursday. The stock has a fifty day moving average of $291.81 and a 200-day moving average of $287.95. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market capitalization of $201.58 billion, a P/E ratio of 24.70, a P/E/G ratio of 3.68 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 EPS. On average, equities research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MCD shares. Bank of America upped their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Evercore ISI lifted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Finally, BMO Capital Markets lifted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $321.22.

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.