McDonald’s Co. (NYSE:MCD) Shares Sold by Grant GrossMendelsohn LLC

Grant GrossMendelsohn LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,626 shares of the fast-food giant’s stock after selling 567 shares during the period. Grant GrossMendelsohn LLC’s holdings in McDonald’s were worth $1,341,000 as of its most recent SEC filing.

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

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’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 transaction of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % 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 ninety days. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MCD shares. Barclays raised their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased 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. Truist Financial reduced their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price objective for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Stock Up 0.4 %

MCD opened at $280.90 on Friday. The company’s 50-day moving average price is $292.90 and its 200 day moving average price is $286.75. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

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

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.