Annex Advisory Services LLC Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

Annex Advisory Services LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,355 shares of the fast-food giant’s stock after selling 52 shares during the quarter. Annex Advisory Services LLC’s holdings in McDonald’s were worth $973,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MCD. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the third quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at approximately $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s in the third quarter valued at approximately $72,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other McDonald’s news, 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 transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. UBS Group upped their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their target price for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. BMO Capital Markets boosted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $321.39.

McDonald’s Stock Up 0.4 %

Shares of NYSE:MCD opened at $280.90 on Tuesday. The stock has a market cap of $201.30 billion, a PE ratio of 24.66, a PEG ratio of 3.67 and a beta of 0.73. The company’s fifty day moving average is $292.54 and its 200 day moving average is $287.50. 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 data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for 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 company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.19 earnings per share. Sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current 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.