Monument Group Wealth Advisors LLC Cuts Holdings in McDonald’s Co. (NYSE:MCD)

Monument Group Wealth Advisors LLC trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 939 shares of the fast-food giant’s stock after selling 50 shares during the period. Monument Group Wealth Advisors LLC’s holdings in McDonald’s were worth $272,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts recently weighed in on MCD shares. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Wells Fargo & Company increased their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and lifted their target price for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s Stock Performance

McDonald’s stock traded up $1.16 during trading hours on Friday, reaching $280.90. 3,304,829 shares of the stock were exchanged, compared to its average volume of 2,456,984. The stock has a market cap of $201.30 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73. The firm’s 50 day moving average is $292.90 and its 200 day moving average is $286.75. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.82 billion. During the same period in the prior year, the business posted $3.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the 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 represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,704 shares of company stock worth $2,829,428. Corporate insiders own 0.23% of the company’s stock.

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.