McDonald’s Co. (NYSE:MCD) Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. lowered its holdings in McDonald’s Co. (NYSE:MCD) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,715 shares of the fast-food giant’s stock after selling 1,040 shares during the period. McDonald’s comprises 2.2% of Wendell David Associates Inc.’s holdings, making the stock its 13th biggest holding. Wendell David Associates Inc.’s holdings in McDonald’s were worth $21,949,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Public Sector Pension Investment Board lifted its stake in McDonald’s by 71.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 27,644 shares of the fast-food giant’s stock worth $7,045,000 after acquiring an additional 11,539 shares in the last quarter. Wescott Financial Advisory Group LLC purchased a new stake in shares of McDonald’s in the second quarter worth approximately $313,000. Fred Alger Management LLC boosted its holdings in shares of McDonald’s by 5.9% during the second quarter. Fred Alger Management LLC now owns 17,555 shares of the fast-food giant’s stock worth $4,474,000 after purchasing an additional 985 shares during the period. NBW Capital LLC grew its position in McDonald’s by 1.8% during the second quarter. NBW Capital LLC now owns 20,366 shares of the fast-food giant’s stock valued at $5,190,000 after purchasing an additional 353 shares in the last quarter. Finally, AXA S.A. increased its stake in McDonald’s by 1.8% in the 2nd quarter. AXA S.A. now owns 180,537 shares of the fast-food giant’s stock valued at $46,008,000 after buying an additional 3,202 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. KeyCorp boosted their price target on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $321.22.

McDonald’s Price Performance

MCD stock opened at $281.30 on Thursday. The stock has a market capitalization 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 business has a fifty day moving average price of $291.81 and a 200 day moving average price of $287.95. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last announced 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. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $3.19 earnings per share. On average, equities analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,605 shares of company stock valued at $2,508,102 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

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.