Mirabaud & Cie SA Sells 18,089 Shares of McDonald’s Co. (NYSE:MCD)

Mirabaud & Cie SA trimmed its stake in McDonald’s Co. (NYSE:MCD) by 68.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,456 shares of the fast-food giant’s stock after selling 18,089 shares during the quarter. McDonald’s accounts for 0.8% of Mirabaud & Cie SA’s portfolio, making the stock its 25th biggest holding. Mirabaud & Cie SA’s holdings in McDonald’s were worth $2,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Kennebec Savings Bank bought a new stake in McDonald’s in the 3rd quarter worth about $1,394,000. Charles Schwab Investment Management Inc. grew its stake in shares of McDonald’s by 0.9% in the third 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 period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after purchasing an additional 51,210 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in 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 worth $14,978,000 after purchasing an additional 2,997 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in McDonald’s in the 3rd quarter worth approximately $16,870,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,605 shares of company stock worth $2,508,102 over the last 90 days. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MCD. Truist Financial lowered their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Bank of America boosted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.22.

McDonald’s Stock Up 0.7 %

Shares of McDonald’s stock opened at $282.85 on Wednesday. The firm has a market cap of $202.69 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 3.65 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business has a 50-day moving average price of $292.12 and a 200-day moving average price of $287.72.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (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 business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm earned $3.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

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.