Mattern Wealth Management LLC Has $2.51 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Mattern Wealth Management LLC lessened its position in McDonald’s Co. (NYSE:MCD) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,645 shares of the fast-food giant’s stock after selling 989 shares during the period. Mattern Wealth Management LLC’s holdings in McDonald’s were worth $2,506,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Kennebec Savings Bank bought a new position in McDonald’s in the third quarter valued at approximately $1,394,000. Charles Schwab Investment Management Inc. boosted its position in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the last quarter. PFW Advisors LLC acquired a new stake in McDonald’s in the 4th quarter valued at $2,471,000. Finally, Weiss Asset Management LP bought a new position in shares of McDonald’s in the 3rd quarter valued at about $16,870,000. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. KeyCorp cut their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group upped their price objective 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. Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.78.

McDonald’s Stock Up 2.7 %

Shares of NYSE MCD opened at $293.16 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a 50 day moving average of $291.07 and a 200 day moving average of $288.70. The firm has a market cap of $210.08 billion, a P/E ratio of 25.74, a PEG ratio of 3.66 and a beta of 0.73.

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

Insiders Place Their Bets

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $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 8,905 shares of company stock worth $2,592,327 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Company 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.