McDonald’s Co. (NYSE:MCD) Shares Sold by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,476 shares of the fast-food giant’s stock after selling 99 shares during the period. McDonald’s accounts for approximately 1.5% of Ables Iannone Moore & Associates Inc.’s holdings, making the stock its 15th biggest holding. Ables Iannone Moore & Associates Inc.’s holdings in McDonald’s were worth $2,457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. Great Lakes Advisors LLC lifted its holdings in shares of McDonald’s by 0.7% during the 2nd quarter. Great Lakes Advisors LLC now owns 32,122 shares of the fast-food giant’s stock valued at $8,186,000 after acquiring an additional 222 shares in the last quarter. Umpqua Bank grew its stake in shares of McDonald’s by 5.5% in the second quarter. Umpqua Bank now owns 7,031 shares of the fast-food giant’s stock valued at $1,792,000 after buying an additional 365 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of McDonald’s during the 2nd quarter valued at about $529,000. Chris Bulman Inc acquired a new position in McDonald’s during the 2nd quarter worth approximately $112,000. Finally, Acadian Asset Management LLC boosted its holdings in McDonald’s by 494.9% in the 2nd quarter. Acadian Asset Management LLC now owns 19,179 shares of the fast-food giant’s stock worth $4,886,000 after acquiring an additional 15,955 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,050 shares of company stock worth $3,556,688 over the last 90 days. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday. Barclays upped their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price target on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $320.65.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $2.72 during trading on Monday, hitting $292.06. The company had a trading volume of 2,710,089 shares, compared to its average volume of 2,447,961. The company has a market cap of $209.30 billion, a P/E ratio of 25.64, a PEG ratio of 3.95 and a beta of 0.73. The business’s 50-day moving average is $294.61 and its 200 day moving average is $285.42. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly 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 business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last 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 expect that McDonald’s Co. will post 11.75 EPS for the current year.

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.