Rosenberg Matthew Hamilton Reduces Position in McDonald’s Co. (NYSE:MCD)

Rosenberg Matthew Hamilton lowered its stake in McDonald’s Co. (NYSE:MCD) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,136 shares of the fast-food giant’s stock after selling 105 shares during the period. Rosenberg Matthew Hamilton’s holdings in McDonald’s were worth $619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MRA Advisory Group acquired a new stake in shares of McDonald’s during the fourth quarter worth about $236,000. PCA Investment Advisory Services Inc. raised its position in McDonald’s by 10.6% during the 4th quarter. PCA Investment Advisory Services Inc. now owns 2,304 shares of the fast-food giant’s stock worth $668,000 after buying an additional 221 shares during the last quarter. Signal Advisors Wealth LLC lifted its stake in McDonald’s by 2.9% during the 4th quarter. Signal Advisors Wealth LLC now owns 8,784 shares of the fast-food giant’s stock valued at $2,547,000 after acquiring an additional 244 shares during the period. Shira Ridge Wealth Management boosted its holdings in shares of McDonald’s by 6.9% in the 4th quarter. Shira Ridge Wealth Management now owns 713 shares of the fast-food giant’s stock valued at $207,000 after acquiring an additional 46 shares during the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter worth $670,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock valued at $2,829,428 in the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $283.20 on Tuesday. The firm’s 50-day moving average is $293.75 and its two-hundred day moving average is $286.65. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market capitalization of $202.95 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.19 earnings per share. Sell-side analysts forecast that McDonald’s Co. will post 11.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Evercore ISI upped their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.39.

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.