McDonald’s Co. (NYSE:MCD) Shares Sold by Western Pacific Wealth Management LP

Western Pacific Wealth Management LP lowered its holdings in McDonald’s Co. (NYSE:MCDFree Report) by 32.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 427 shares of the fast-food giant’s stock after selling 209 shares during the period. Western Pacific Wealth Management LP’s holdings in McDonald’s were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Martin & Co. Inc. TN raised its holdings in shares of McDonald’s by 1.5% during the third quarter. Martin & Co. Inc. TN now owns 6,089 shares of the fast-food giant’s stock valued at $1,604,000 after buying an additional 89 shares during the last quarter. Pictet North America Advisors SA raised its holdings in shares of McDonald’s by 12.3% during the third quarter. Pictet North America Advisors SA now owns 25,593 shares of the fast-food giant’s stock valued at $6,742,000 after buying an additional 2,804 shares during the last quarter. Compass Ion Advisors LLC raised its holdings in shares of McDonald’s by 76.7% during the third quarter. Compass Ion Advisors LLC now owns 1,596 shares of the fast-food giant’s stock valued at $421,000 after buying an additional 693 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of McDonald’s by 14.1% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,697 shares of the fast-food giant’s stock valued at $3,345,000 after buying an additional 1,568 shares during the last quarter. Finally, Hartford Funds Management Co LLC raised its holdings in shares of McDonald’s by 6.1% during the third quarter. Hartford Funds Management Co LLC now owns 1,705 shares of the fast-food giant’s stock valued at $449,000 after buying an additional 98 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research analyst reports. Truist Financial lowered their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Morgan Stanley lowered 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 note on Friday, April 12th. TD Cowen reiterated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a research note on Monday. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Robert W. Baird lowered their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $317.74.

View Our Latest Report on MCD

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 2,997 shares of company stock valued at $836,300 in the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock traded down $4.48 on Monday, hitting $267.90. The company’s stock had a trading volume of 2,650,049 shares, compared to its average volume of 3,299,506. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The firm’s fifty day moving average price is $275.14 and its 200-day moving average price is $283.65. The stock has a market capitalization of $193.07 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 3.04 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last released its 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). The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 EPS. Analysts predict that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

About McDonald’s

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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