Insider Selling: McDonald’s Co. (NYSE:MCD) Insider Sells 300 Shares of Stock

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

McDonald’s Trading Up 0.3 %

Shares of MCD traded up $0.94 on Friday, reaching $285.37. The company’s stock had a trading volume of 2,518,918 shares, compared to its average volume of 2,992,334. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market capitalization of $204.50 billion, a PE ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73. The firm has a fifty day moving average of $291.21 and a 200-day moving average of $287.88.

McDonald’s (NYSE:MCD) last posted its earnings results 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 company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $3.19 earnings per share. As a group, equities analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. S.A. Mason LLC grew its position in McDonald’s by 2.1% during the fourth quarter. S.A. Mason LLC now owns 3,096 shares of the fast-food giant’s stock worth $897,000 after buying an additional 64 shares in the last quarter. Oregon Pacific Wealth Management LLC purchased a new position in shares of McDonald’s during the fourth quarter worth about $1,229,000. Abner Herrman & Brock LLC increased its position in shares of McDonald’s by 1.2% in the fourth quarter. Abner Herrman & Brock LLC now owns 56,636 shares of the fast-food giant’s stock worth $16,418,000 after purchasing an additional 672 shares during the last quarter. FSM Wealth Advisors LLC raised its stake in McDonald’s by 9.4% in the fourth quarter. FSM Wealth Advisors LLC now owns 1,079 shares of the fast-food giant’s stock valued at $302,000 after purchasing an additional 93 shares in the last quarter. Finally, KPP Advisory Services LLC lifted its position in McDonald’s by 2.8% during the fourth quarter. KPP Advisory Services LLC now owns 4,468 shares of the fast-food giant’s stock valued at $1,295,000 after purchasing an additional 120 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird cut 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 report on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Wedbush reissued an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock 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.