Verus Financial Partners Inc. Has $323,000 Position in McDonald’s Co. (NYSE:MCD)

Verus Financial Partners Inc. cut its holdings in McDonald’s Co. (NYSE:MCD) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,105 shares of the fast-food giant’s stock after selling 125 shares during the quarter. Verus Financial Partners Inc.’s holdings in McDonald’s were worth $323,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its position in McDonald’s by 2.6% in the 3rd quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock valued at $1,031,000 after buying an additional 100 shares during the last quarter. WESPAC Advisors LLC acquired a new stake in McDonald’s in the third quarter worth about $224,000. Baystate Wealth Management LLC raised its holdings in McDonald’s by 2.8% during the 3rd quarter. Baystate Wealth Management LLC now owns 2,561 shares of the fast-food giant’s stock worth $675,000 after purchasing an additional 69 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in McDonald’s by 5.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 188,421 shares of the fast-food giant’s stock valued at $49,659,000 after purchasing an additional 10,396 shares during the period. Finally, Kanawha Capital Management LLC boosted its stake in shares of McDonald’s by 1.1% in the 3rd quarter. Kanawha Capital Management LLC now owns 86,924 shares of the fast-food giant’s stock valued at $22,899,000 after purchasing an additional 905 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

McDonald’s Trading Down 0.4 %

Shares of MCD traded down $1.20 during mid-day trading on Thursday, hitting $267.29. The company’s stock had a trading volume of 1,252,549 shares, compared to its average volume of 3,285,779. The firm has a market capitalization of $192.72 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 3.01 and a beta of 0.71. The company’s 50-day moving average is $278.43 and its 200-day moving average is $282.90. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. McDonald’s’s revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts predict that McDonald’s Co. will post 12.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup cut their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Stifel Nicolaus cut their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Morgan Stanley cut their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Finally, Barclays lowered their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

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.