McDonald’s Co. (NYSE:MCD) Shares Sold by Courier Capital LLC

Courier Capital LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,821 shares of the fast-food giant’s stock after selling 111 shares during the period. Courier Capital LLC’s holdings in McDonald’s were worth $3,427,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of McDonald’s by 2.4% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock valued at $433,000 after acquiring an additional 33 shares in the last quarter. Riversedge Advisors LLC grew its stake in McDonald’s by 2.0% in the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock worth $513,000 after acquiring an additional 33 shares during the period. Proquility Private Wealth Partners LLC grew its holdings in McDonald’s by 1.0% in the third quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock valued at $1,057,000 after purchasing an additional 35 shares during the period. Clear Creek Financial Management LLC increased its position in McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after purchasing an additional 35 shares during the last quarter. Finally, GDS Wealth Management raised its stake in McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

NYSE MCD traded up $0.89 on Monday, hitting $283.20. 3,392,220 shares of the company were exchanged, compared to its average volume of 3,095,974. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company’s 50 day moving average price is $293.94 and its 200-day moving average price is $286.47. The firm has a market capitalization of $202.95 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 earnings per share. As a group, equities analysts expect that McDonald’s Co. will post 11.75 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on MCD. UBS Group upped their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. 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 research report on Monday, October 21st. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group raised their target price on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Transactions 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 transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % 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 company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, 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. Insiders sold 9,704 shares of company stock valued at $2,829,428 over the last three months. 0.23% of the stock is owned by corporate 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.