Allen Capital Group LLC Trims Position in McDonald’s Co. (NYSE:MCD)

Allen Capital Group LLC cut its stake in McDonald’s Co. (NYSE:MCD) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,710 shares of the fast-food giant’s stock after selling 64 shares during the period. Allen Capital Group LLC’s holdings in McDonald’s were worth $786,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s during the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new position in McDonald’s during the third quarter valued at $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s in the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MCD shares. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Evercore ISI increased their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Barclays upped their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.87.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,905 shares of company stock worth $2,592,327. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $291.50 on Wednesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm’s 50-day moving average is $291.12 and its two-hundred day moving average is $289.23. The firm has a market capitalization of $208.89 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

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

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.