McDonald’s Co. (NYSE:MCD) Shares Sold by Oak Asset Management LLC

Oak Asset Management LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,434 shares of the fast-food giant’s stock after selling 181 shares during the quarter. McDonald’s comprises about 2.0% of Oak Asset Management LLC’s investment portfolio, making the stock its 13th biggest position. Oak Asset Management LLC’s holdings in McDonald’s were worth $5,344,000 as of its most recent filing with the SEC.

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

McDonald’s Trading Up 0.3 %

Shares of MCD stock opened at $283.20 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market capitalization 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. The firm has a fifty day simple moving average of $293.75 and a 200-day simple moving average of $286.65.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company posted $3.19 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts predict that McDonald’s Co. will post 11.75 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Barclays upped their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley boosted their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,704 shares of company stock worth $2,829,428 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

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.