Avior Wealth Management LLC Lowers Position in McDonald’s Co. (NYSE:MCD)

Avior Wealth Management LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,510 shares of the fast-food giant’s stock after selling 2,037 shares during the quarter. Avior Wealth Management LLC’s holdings in McDonald’s were worth $4,206,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on MCD shares. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Morgan Stanley decreased their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Barclays raised their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.22.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’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 value of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,605 shares of company stock worth $2,508,102 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

NYSE MCD opened at $281.30 on Thursday. The stock’s fifty day moving average price is $291.49 and its 200 day moving average price is $287.90. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market cap of $201.58 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.68 and a beta of 0.73.

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 firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the firm earned $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

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.