Koshinski Asset Management Inc. Sells 87 Shares of McDonald’s Co. (NYSE:MCD)

Koshinski Asset Management Inc. lessened its position in McDonald’s Co. (NYSE:MCD) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,061 shares of the fast-food giant’s stock after selling 87 shares during the quarter. Koshinski Asset Management Inc.’s holdings in McDonald’s were worth $2,337,000 at the end of the most recent reporting period.

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

McDonald’s Stock Up 0.4 %

NYSE:MCD opened at $280.90 on Tuesday. The firm has a 50 day moving average of $292.54 and a 200 day moving average of $287.50. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market capitalization of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.65 and a beta of 0.73.

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

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,704 shares of company stock worth $2,829,428. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. KeyCorp lifted their target price on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Truist Financial reduced their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Robert W. Baird lowered 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. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $321.39.

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.