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

Kercheville Advisors LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,798 shares of the fast-food giant’s stock after selling 255 shares during the quarter. Kercheville Advisors LLC’s holdings in McDonald’s were worth $1,681,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the third quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the third quarter valued at $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s in the third quarter valued at $44,000. Financial Life Planners purchased a new position in shares of McDonald’s in the fourth quarter valued at $49,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of McDonald’s in the third quarter valued at $58,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, 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 value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 7,406 shares of company stock valued at $2,150,857. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Bank of America lifted their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Finally, BMO Capital Markets lifted their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.57.

McDonald’s Stock Performance

McDonald’s stock opened at $288.49 on Thursday. The stock’s 50 day moving average price is $290.88 and its 200 day moving average price is $290.38. The firm has a market capitalization of $206.74 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

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.