McDonald’s Co. (NYSE:MCD) Shares Sold by Marino Stram & Associates LLC

Marino Stram & Associates LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,818 shares of the fast-food giant’s stock after selling 77 shares during the period. McDonald’s comprises approximately 0.6% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 27th biggest holding. Marino Stram & Associates LLC’s holdings in McDonald’s were worth $2,846,000 as of its most recent SEC filing.

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

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction 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 owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,605 shares of company stock worth $2,508,102. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.5 %

NYSE:MCD opened at $281.30 on Thursday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a market cap of $201.58 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 3.68 and a beta of 0.73. The company’s 50 day moving average is $291.81 and its 200-day moving average is $287.95.

McDonald’s (NYSE:MCD) last announced 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. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $3.19 earnings per share. Research analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on MCD. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley lowered their price objective on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, KeyCorp increased their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $321.22.

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.