McKinley Carter Wealth Services Inc. Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

McKinley Carter Wealth Services Inc. reduced its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,440 shares of the fast-food giant’s stock after selling 69 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in McDonald’s were worth $3,606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the third quarter valued at $31,000. Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter worth about $44,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s during the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC acquired a new position in McDonald’s in the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock worth $2,592,327 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $291.48 on Wednesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock’s 50-day moving average is $291.12 and its two-hundred day moving average is $289.23. The stock has a market cap of $208.88 billion, a PE ratio of 25.59, a P/E/G ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the company posted $3.19 EPS. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts anticipate that McDonald’s Co. will post 11.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MCD shares. Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Evercore ISI increased their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Finally, UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Ten investment 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, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $320.87.

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.