McDonald’s Co. (NYSE:MCD) Shares Sold by Wealth Effects LLC

Wealth Effects LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 885 shares of the fast-food giant’s stock after selling 443 shares during the quarter. Wealth Effects LLC’s holdings in McDonald’s were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings 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 valued at $706,202,000 after buying an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of McDonald’s by 542.9% in the third 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 acquiring an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of McDonald’s in the 3rd quarter valued at $121,254,000. Zurich Insurance Group Ltd FI lifted its holdings in shares of McDonald’s by 3,580.1% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after acquiring an additional 261,350 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in McDonald’s during the 4th quarter worth $64,805,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Down 0.6 %

MCD opened at $291.48 on Wednesday. The firm’s fifty day simple moving average is $291.11 and its 200 day simple moving average is $288.97. The stock has a market capitalization of $208.88 billion, a P/E ratio of 25.59, a P/E/G ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share 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 company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the business earned $3.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated 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 owns 1,560 shares of the company’s stock, valued at $459,435.60. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,905 shares of company stock valued at $2,592,327. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MCD shares. Bank of America increased their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Citigroup upped their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $320.87.

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.