McDonald’s Co. (NYSE:MCD) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI reduced its holdings in McDonald’s Co. (NYSE:MCD) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,644 shares of the fast-food giant’s stock after selling 934 shares during the period. Parsons Capital Management Inc. RI’s holdings in McDonald’s were worth $4,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Ascent Group LLC raised its stake in McDonald’s by 4.0% during the second quarter. Ascent Group LLC now owns 22,901 shares of the fast-food giant’s stock worth $5,836,000 after purchasing an additional 881 shares during the period. Aviso Wealth Management raised its stake in McDonald’s by 5.8% during the second quarter. Aviso Wealth Management now owns 877 shares of the fast-food giant’s stock worth $223,000 after purchasing an additional 48 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $3,663,000. Silver Lake Advisory LLC raised its stake in shares of McDonald’s by 5.8% in the 2nd quarter. Silver Lake Advisory LLC now owns 11,616 shares of the fast-food giant’s stock valued at $2,960,000 after acquiring an additional 637 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of McDonald’s by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock valued at $32,894,000 after purchasing an additional 2,328 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,905 shares of company stock worth $2,592,327 in the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $286.77 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market capitalization of $205.50 billion, a P/E ratio of 25.20, a P/E/G ratio of 3.66 and a beta of 0.73. The firm’s 50-day moving average is $291.07 and its two-hundred day moving average is $288.70.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the company earned $3.19 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Co. will post 11.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. KeyCorp reduced their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays upped their price target 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. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $320.78.

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.