TruWealth Advisors LLC Has $1.89 Million Position in McDonald’s Co. (NYSE:MCD)

TruWealth Advisors LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,507 shares of the fast-food giant’s stock after selling 720 shares during the quarter. TruWealth Advisors LLC’s holdings in McDonald’s were worth $1,886,000 at the end of the most recent quarter.

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

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This trade represents a 9.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $280.90 on Friday. The stock’s fifty day simple moving average is $292.54 and its 200 day simple moving average is $286.97. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.67 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Truist Financial lowered their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Ten investment 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 a consensus rating of “Moderate Buy” and a consensus price target 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.