HBW Advisory Services LLC Sells 80 Shares of McDonald’s Co. (NYSE:MCD)

HBW Advisory Services LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,993 shares of the fast-food giant’s stock after selling 80 shares during the period. HBW Advisory Services LLC’s holdings in McDonald’s were worth $3,477,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts recently commented on MCD shares. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $311.00 to $334.00 in a research report on Friday. Wells Fargo & Company increased their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. The Goldman Sachs Group increased their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Finally, UBS Group increased their price target on McDonald’s from $305.00 to $345.00 and gave the company 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Stock Performance

McDonald’s stock traded down $4.09 during midday trading on Friday, hitting $282.81. 2,322,784 shares of the company’s stock were exchanged, compared to its average volume of 2,769,733. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a 50-day moving average price of $294.20 and a two-hundred day moving average price of $285.92. The company has a market cap of $202.67 billion, a P/E ratio of 24.83, a PEG ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its 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 business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the business earned $3.19 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that McDonald’s Co. will post 11.75 earnings per share for the current year.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is currently owned by corporate insiders.

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.