Steigerwald Gordon & Koch Inc. Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Steigerwald Gordon & Koch Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,345 shares of the fast-food giant’s stock after selling 77 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in McDonald’s were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $31,000. Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $44,000. Peterson Financial Group Inc. bought a new stake in McDonald’s in the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC purchased a new position in shares of McDonald’s in the third quarter valued at about $72,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was 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 directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 in the last three months. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent analyst reports. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $311.00 to $334.00 in a report on Friday, January 10th. UBS Group lifted their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Evercore ISI raised their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $280.90 on Friday. The company has a market capitalization of $201.30 billion, a PE ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. The business has a fifty day moving average price of $292.54 and a 200-day moving average price of $286.97. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $3.19 EPS. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

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.