TriaGen Wealth Management LLC Trims Holdings in McDonald’s Co. (NYSE:MCD)

TriaGen Wealth Management LLC lessened its holdings in McDonald’s Co. (NYSE:MCD) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,502 shares of the fast-food giant’s stock after selling 320 shares during the quarter. TriaGen Wealth Management LLC’s holdings in McDonald’s were worth $435,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $288.83 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock’s fifty day moving average is $291.15 and its two-hundred day moving average is $289.25. The firm has a market capitalization of $206.98 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released 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 firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations 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 revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $3.19 earnings per share. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.68 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on MCD shares. Wells Fargo & Company lifted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.87.

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.