High Net Worth Advisory Group LLC Sells 41 Shares of McDonald’s Co. (NYSE:MCD)

High Net Worth Advisory Group LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,796 shares of the fast-food giant’s stock after selling 41 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in McDonald’s were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after purchasing an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of McDonald’s in the third quarter worth approximately $121,254,000. Zurich Insurance Group Ltd FI grew its position in McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after buying an additional 261,350 shares during the period. Finally, Geode Capital Management LLC increased its holdings in McDonald’s by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after buying an additional 220,365 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was 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. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Up 0.3 %

Shares of MCD opened at $285.37 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company’s fifty day simple moving average is $291.07 and its 200-day simple moving average is $288.43. The company has a market cap of $204.50 billion, a P/E ratio of 25.05, a P/E/G 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, 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 business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. KeyCorp reduced their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group raised their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America upped their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and raised their price objective for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

About McDonald’s

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.