Stableford Capital II LLC Decreases Position in McDonald’s Co. (NYSE:MCD)

Stableford Capital II LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,153 shares of the fast-food giant’s stock after selling 56 shares during the quarter. Stableford Capital II LLC’s holdings in McDonald’s were worth $914,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of McDonald’s by 312.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,370 shares of the fast-food giant’s stock worth $10,543,000 after purchasing an additional 31,351 shares in the last quarter. Centaurus Financial Inc. grew its holdings in McDonald’s by 3.6% during the 2nd quarter. Centaurus Financial Inc. now owns 5,387 shares of the fast-food giant’s stock valued at $1,373,000 after buying an additional 187 shares during the last quarter. Czech National Bank increased its position in McDonald’s by 6.4% during the third quarter. Czech National Bank now owns 146,130 shares of the fast-food giant’s stock worth $44,498,000 after buying an additional 8,797 shares in the last quarter. Apella Capital LLC raised its holdings in shares of McDonald’s by 13.8% in the third quarter. Apella Capital LLC now owns 6,440 shares of the fast-food giant’s stock worth $1,956,000 after acquiring an additional 780 shares during the last quarter. Finally, Chemung Canal Trust Co. lifted its position in shares of McDonald’s by 57.8% in the third quarter. Chemung Canal Trust Co. now owns 30,676 shares of the fast-food giant’s stock valued at $9,341,000 after acquiring an additional 11,233 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5 %

NYSE:MCD opened at $288.83 on Friday. The firm’s fifty day simple moving average is $291.12 and its 200 day simple moving average is $289.51. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market capitalization of $206.98 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued 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 negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 11.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Truist Financial dropped their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup boosted their price target on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays raised their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $320.87.

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. 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 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s 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.