Buttonwood Financial Advisors Inc. Sells 51 Shares of McDonald’s Co. (NYSE:MCD)

Buttonwood Financial Advisors Inc. decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,627 shares of the fast-food giant’s stock after selling 51 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in McDonald’s were worth $1,341,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Ascent Group LLC lifted its holdings in shares of McDonald’s by 4.0% in the 2nd quarter. Ascent Group LLC now owns 22,901 shares of the fast-food giant’s stock valued at $5,836,000 after acquiring an additional 881 shares during the last quarter. Aviso Wealth Management boosted its stake in McDonald’s by 5.8% during the second quarter. Aviso Wealth Management now owns 877 shares of the fast-food giant’s stock worth $223,000 after buying an additional 48 shares during the period. Magnolia Capital Advisors LLC bought a new position in McDonald’s during the second quarter valued at $3,663,000. Silver Lake Advisory LLC raised its stake in shares of McDonald’s by 5.8% in the second quarter. Silver Lake Advisory LLC now owns 11,616 shares of the fast-food giant’s stock valued at $2,960,000 after acquiring an additional 637 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of McDonald’s by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock worth $32,894,000 after acquiring an additional 2,328 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Up 0.3 %

Shares of MCD opened at $285.37 on Monday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market cap of $204.50 billion, a P/E ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73. The firm’s 50 day moving average price is $291.07 and its 200 day moving average price is $288.70.

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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the business posted $3.19 earnings per share. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that McDonald’s Co. will post 11.72 earnings per share for the current year.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of McDonald’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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value 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. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,905 shares of company stock valued at $2,592,327 over the last quarter. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on MCD shares. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $320.78.

About McDonald’s

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.