McDonald’s Co. (NYSE:MCD) Shares Sold by Paragon Financial Partners Inc.

Paragon Financial Partners Inc. reduced its stake in McDonald’s Co. (NYSE:MCD) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,665 shares of the fast-food giant’s stock after selling 152 shares during the quarter. McDonald’s accounts for 0.8% of Paragon Financial Partners Inc.’s investment portfolio, making the stock its 24th largest position. Paragon Financial Partners Inc.’s holdings in McDonald’s were worth $1,062,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,605 shares of company stock worth $2,508,102 in the last 90 days. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. 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. Finally, Barclays increased their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. 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, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $321.22.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $281.30 on Thursday. The stock has a market cap of $201.58 billion, a P/E ratio of 24.70, a P/E/G ratio of 3.68 and a beta of 0.73. The firm has a fifty day moving average price of $291.81 and a 200 day moving average price of $287.95. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

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

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.