McDonald’s Co. (NYSE:MCD) Shares Sold by TruWealth Advisors LLC

TruWealth Advisors LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,507 shares of the fast-food giant’s stock after selling 720 shares during the period. TruWealth Advisors LLC’s holdings in McDonald’s were worth $1,886,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the third quarter worth about $31,000. Hara Capital LLC acquired a new position in McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $72,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,704 shares of company stock worth $2,829,428. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.4 %

Shares of McDonald’s stock opened at $280.90 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $201.30 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The stock’s fifty day moving average is $292.54 and its 200-day moving average is $286.97.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS 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 net margin of 31.79% and a negative return on equity of 175.42%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 earnings per share. Analysts expect that McDonald’s Co. will post 11.73 EPS for the current year.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. UBS Group upped their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Truist Financial dropped their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

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.