Regent Peak Wealth Advisors LLC Reduces Position in McDonald’s Co. (NYSE:MCD)

Regent Peak Wealth Advisors LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 47.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,443 shares of the fast-food giant’s stock after selling 4,929 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in McDonald’s were worth $1,578,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Great Lakes Advisors LLC lifted its position in McDonald’s by 0.7% in the second quarter. Great Lakes Advisors LLC now owns 32,122 shares of the fast-food giant’s stock valued at $8,186,000 after acquiring an additional 222 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of McDonald’s in the 2nd quarter valued at about $529,000. Chris Bulman Inc purchased a new position in McDonald’s during the 2nd quarter worth approximately $112,000. Acadian Asset Management LLC increased its position in McDonald’s by 494.9% during the second quarter. Acadian Asset Management LLC now owns 19,179 shares of the fast-food giant’s stock worth $4,886,000 after buying an additional 15,955 shares during the period. Finally, Caprock Group LLC lifted its stake in McDonald’s by 84.0% in the second quarter. Caprock Group LLC now owns 12,845 shares of the fast-food giant’s stock valued at $3,274,000 after buying an additional 5,863 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MCD shares. Citigroup raised their target price on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. UBS Group lifted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Truist Financial decreased their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price objective on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $320.65.

McDonald’s Stock Down 0.3 %

NYSE MCD traded down $0.84 during mid-day trading on Tuesday, hitting $291.34. The stock had a trading volume of 1,150,360 shares, compared to its average volume of 2,318,009. The company has a 50 day simple moving average of $294.52 and a 200 day simple moving average of $285.69. The company has a market cap of $208.78 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 3.95 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.

McDonald’s (NYSE:MCD) last released 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 during 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 in the previous year, the company posted $3.19 EPS. As a group, equities analysts anticipate that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The shares were 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 in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,050 shares of company stock worth $3,556,688 over the last ninety days. 0.23% of the stock is currently owned by 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.