McDonald’s Co. (NYSE:MCD) Position Cut by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. trimmed its stake in McDonald’s Co. (NYSE:MCD) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,110 shares of the fast-food giant’s stock after selling 46 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in McDonald’s were worth $612,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the third quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the third quarter valued at $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s during the third quarter valued at $44,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald’s during the third quarter valued at $58,000. Finally, FSA Wealth Management LLC acquired a new position in shares of McDonald’s during the third quarter valued at $72,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.5 %

Shares of NYSE MCD opened at $288.83 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market capitalization of $206.98 billion, a PE ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73. The business has a 50-day moving average price of $291.15 and a two-hundred day moving average price of $289.25.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company posted $3.19 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that McDonald’s Co. will post 11.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MCD shares. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. BMO Capital Markets raised their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Citigroup lifted their target price on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays lifted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $320.87.

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.