McDonald’s Co. (NYSE:MCD) Stock Holdings Decreased by Gradient Investments LLC

Gradient Investments LLC decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,784 shares of the fast-food giant’s stock after selling 691 shares during the period. Gradient Investments LLC’s holdings in McDonald’s were worth $33,565,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the third quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the 3rd quarter worth about $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s during the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC acquired a new stake in McDonald’s during the third quarter worth about $72,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’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 sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,905 shares of company stock valued at $2,592,327 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $285.37 on Friday. The stock has a market capitalization of $204.50 billion, a P/E ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73. The stock’s fifty day moving average is $291.21 and its 200 day moving average is $287.88. 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 for the quarter, beating 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 firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the business posted $3.19 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MCD. BMO Capital Markets boosted their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Wedbush restated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research note on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $320.78.

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.