McDonald’s Co. (NYSE:MCD) Shares Sold by Paladin Advisory Group LLC

Paladin Advisory Group LLC trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268 shares of the fast-food giant’s stock after selling 36 shares during the period. Paladin Advisory Group LLC’s holdings in McDonald’s were worth $78,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in McDonald’s by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock worth $32,894,000 after buying an additional 2,328 shares in the last quarter. Quarry LP boosted its stake in shares of McDonald’s by 54.6% in the second quarter. Quarry LP now owns 609 shares of the fast-food giant’s stock worth $155,000 after acquiring an additional 215 shares during the last quarter. Pathway Financial Advisers LLC increased its position in shares of McDonald’s by 10.8% during the second quarter. Pathway Financial Advisers LLC now owns 11,747 shares of the fast-food giant’s stock worth $2,969,000 after purchasing an additional 1,143 shares in the last quarter. 3Chopt Investment Partners LLC purchased a new stake in shares of McDonald’s during the second quarter worth approximately $628,000. Finally, Founders Financial Alliance LLC raised its stake in McDonald’s by 0.7% in the 2nd quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock valued at $1,269,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,905 shares of company stock worth $2,592,327 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.1 %

NYSE:MCD opened at $291.54 on Wednesday. The company has a fifty day simple moving average of $291.12 and a two-hundred day simple moving average of $289.23. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market cap of $208.92 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced 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 for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 EPS. On average, analysts expect that McDonald’s Co. will post 11.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MCD. UBS Group increased their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Citigroup increased their price target on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday. 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. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

About McDonald’s

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.