KWB Wealth Sells 175 Shares of McDonald’s Co. (NYSE:MCD)

KWB Wealth cut its position in McDonald’s Co. (NYSE:MCD) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,745 shares of the fast-food giant’s stock after selling 175 shares during the period. KWB Wealth’s holdings in McDonald’s were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MCD. Tlwm grew its position in shares of McDonald’s by 4.5% in the fourth quarter. Tlwm now owns 2,949 shares of the fast-food giant’s stock valued at $855,000 after purchasing an additional 128 shares in the last quarter. MRA Advisory Group purchased a new position in shares of McDonald’s in the fourth quarter valued at $236,000. PCA Investment Advisory Services Inc. grew its position in shares of McDonald’s by 10.6% in the fourth quarter. PCA Investment Advisory Services Inc. now owns 2,304 shares of the fast-food giant’s stock valued at $668,000 after purchasing an additional 221 shares in the last quarter. Signal Advisors Wealth LLC grew its position in shares of McDonald’s by 2.9% in the fourth quarter. Signal Advisors Wealth LLC now owns 8,784 shares of the fast-food giant’s stock valued at $2,547,000 after purchasing an additional 244 shares in the last quarter. Finally, Shira Ridge Wealth Management grew its position in shares of McDonald’s by 6.9% in the fourth quarter. Shira Ridge Wealth Management now owns 713 shares of the fast-food giant’s stock valued at $207,000 after purchasing an additional 46 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,704 shares of company stock valued at $2,829,428 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.3 %

NYSE MCD opened at $283.20 on Tuesday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The stock has a 50-day moving average of $293.75 and a 200-day moving average of $286.65. The firm has a market cap of $202.95 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results 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 business 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%. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.19 EPS. As a group, equities research analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Bank of America boosted their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial reduced their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. BMO Capital Markets boosted their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

McDonald’s 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.