McDonald’s Co. (NYSE:MCD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 97.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,300 shares of the fast-food giant’s stock after selling 369,614 shares during the period. SG Americas Securities LLC’s holdings in McDonald’s were worth $2,986,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Phillips Wealth Planners LLC grew its holdings in shares of McDonald’s by 5.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 3,526 shares of the fast-food giant’s stock worth $995,000 after purchasing an additional 179 shares during the period. Kelleher Financial Advisors boosted its stake in McDonald’s by 1.5% during the fourth quarter. Kelleher Financial Advisors now owns 3,243 shares of the fast-food giant’s stock worth $940,000 after buying an additional 47 shares during the period. Westside Investment Management Inc. raised its stake in shares of McDonald’s by 61.5% in the 4th quarter. Westside Investment Management Inc. now owns 998 shares of the fast-food giant’s stock valued at $289,000 after acquiring an additional 380 shares during the period. Cetera Trust Company N.A lifted its holdings in shares of McDonald’s by 0.8% in the 4th quarter. Cetera Trust Company N.A now owns 8,359 shares of the fast-food giant’s stock worth $2,423,000 after acquiring an additional 65 shares during the last quarter. Finally, Magnus Financial Group LLC boosted its position in shares of McDonald’s by 7.6% during the 4th quarter. Magnus Financial Group LLC now owns 5,353 shares of the fast-food giant’s stock worth $1,552,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial decreased their price target 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. Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.78.

McDonald’s Stock Up 0.3 %

MCD opened at $285.37 on Friday. The firm has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The business’s 50 day moving average is $291.07 and its two-hundred day moving average is $288.14.

McDonald’s (NYSE:MCD) last released its quarterly earnings results 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. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.19 EPS. Equities analysts expect that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,905 shares of company stock worth $2,592,327. Company insiders own 0.23% of the company’s stock.

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.