Bartlett & CO. Wealth Management LLC Sells 97 Shares of McDonald’s Co. (NYSE:MCD)

Bartlett & CO. Wealth Management LLC cut its stake in McDonald’s Co. (NYSE:MCD) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 145,585 shares of the fast-food giant’s stock after selling 97 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in McDonald’s were worth $42,204,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’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 completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,605 shares of company stock valued at $2,508,102. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MCD. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.22.

McDonald’s Stock Down 0.5 %

MCD stock opened at $281.30 on Thursday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a market cap of $201.58 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73. The business has a fifty day moving average of $291.81 and a two-hundred day moving average of $287.95.

McDonald’s (NYSE:MCD) last issued 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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 EPS. McDonald’s’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS 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.