McDonald’s Co. (NYSE:MCD) Shares Sold by Westmount Partners LLC

Westmount Partners LLC decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,153 shares of the fast-food giant’s stock after selling 41 shares during the period. Westmount Partners LLC’s holdings in McDonald’s were worth $914,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MCD. American Century Companies Inc. boosted its holdings in shares of McDonald’s by 1.9% during the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock worth $12,281,000 after purchasing an additional 915 shares during the period. Parallel Advisors LLC boosted its holdings in shares of McDonald’s by 1.8% during the second quarter. Parallel Advisors LLC now owns 14,492 shares of the fast-food giant’s stock worth $3,693,000 after purchasing an additional 250 shares during the period. Wealthspire Advisors LLC boosted its holdings in shares of McDonald’s by 1.5% during the second quarter. Wealthspire Advisors LLC now owns 15,318 shares of the fast-food giant’s stock worth $3,904,000 after purchasing an additional 219 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of McDonald’s by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,174,717 shares of the fast-food giant’s stock worth $299,365,000 after purchasing an additional 26,571 shares during the period. Finally, Pinion Investment Advisors LLC boosted its holdings in shares of McDonald’s by 6.8% during the second quarter. Pinion Investment Advisors LLC now owns 4,640 shares of the fast-food giant’s stock worth $1,182,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.6 %

Shares of MCD stock traded up $1.77 during trading on Monday, reaching $284.08. The company’s stock had a trading volume of 1,200,011 shares, compared to its average volume of 2,773,003. The business has a fifty day moving average price of $293.94 and a 200-day moving average price of $286.47. The company has a market cap of $203.58 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.95 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts anticipate that McDonald’s Co. will post 11.75 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the transaction, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MCD shares. BMO Capital Markets lifted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. KeyCorp lifted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. The Goldman Sachs Group lifted their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Evercore ISI lifted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Barclays lifted their price target 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 investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.