Atticus Wealth Management LLC Sells 589 Shares of McDonald’s Co. (NYSE:MCD)

Atticus Wealth Management LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,375 shares of the fast-food giant’s stock after selling 589 shares during the period. Atticus Wealth Management LLC’s holdings in McDonald’s were worth $689,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MCD. Ascent Group LLC grew its stake in shares of McDonald’s by 4.0% in the second 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 in the last quarter. Aviso Wealth Management boosted its holdings in McDonald’s by 5.8% in the 2nd quarter. Aviso Wealth Management now owns 877 shares of the fast-food giant’s stock valued at $223,000 after purchasing an additional 48 shares during the period. Magnolia Capital Advisors LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $3,663,000. Silver Lake Advisory LLC increased its holdings in shares of McDonald’s by 5.8% during the second quarter. Silver Lake Advisory LLC now owns 11,616 shares of the fast-food giant’s stock worth $2,960,000 after purchasing an additional 637 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of McDonald’s by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock valued at $32,894,000 after buying an additional 2,328 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,905 shares of company stock valued at $2,592,327. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.3 %

NYSE MCD opened at $285.37 on Monday. The stock’s 50-day simple moving average is $291.07 and its two-hundred day simple moving average is $288.43. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market capitalization of $204.50 billion, a price-to-earnings ratio of 25.05, a PEG 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 for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $3.19 EPS. On average, equities analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MCD shares. BMO Capital Markets increased their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Citigroup upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and boosted their target price for the company from $311.00 to $334.00 in a research report on Friday, January 10th. Finally, UBS Group boosted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $320.78.

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.