Powers Advisory Group LLC Decreases Position in McDonald’s Co. (NYSE:MCD)

Powers Advisory Group LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,324 shares of the fast-food giant’s stock after selling 79 shares during the period. McDonald’s comprises about 0.9% of Powers Advisory Group LLC’s portfolio, making the stock its 20th biggest holding. Powers Advisory Group LLC’s holdings in McDonald’s were worth $1,833,000 at the end of the most recent quarter.

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

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MCD. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Morgan Stanley reduced their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Evercore ISI boosted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $320.87.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $290.19 on Friday. 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 $291.11 and its two-hundred day simple moving average is $289.24. The stock has a market capitalization of $207.96 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 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 net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.19 EPS. Sell-side analysts expect that McDonald’s Co. will post 11.68 earnings per share for the current fiscal year.

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.