McDonald’s Co. (NYSE:MCD) Shares Sold by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,933 shares of the fast-food giant’s stock after selling 68 shares during the period. Aurora Private Wealth Inc.’s holdings in McDonald’s were worth $1,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. purchased a new position in McDonald’s during the 3rd quarter worth approximately $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $285.37 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50-day simple moving average is $291.07 and its 200 day simple moving average is $288.70. The stock has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that McDonald’s Co. will post 11.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MCD shares. Morgan Stanley dropped their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and lifted their target price for the company from $311.00 to $334.00 in a research note on Friday, January 10th. Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $320.78.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the 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 sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents 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 worth $2,592,327 over the last quarter. 0.23% of the stock is owned by corporate insiders.

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.