Fullcircle Wealth LLC Sells 134 Shares of McDonald’s Co. (NYSE:MCD)

Fullcircle Wealth LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,404 shares of the fast-food giant’s stock after selling 134 shares during the period. Fullcircle Wealth LLC’s holdings in McDonald’s were worth $1,055,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Pettee Investors Inc. raised its holdings in McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after buying an additional 35 shares during the last quarter. Covestor Ltd grew its holdings in McDonald’s by 4.1% during the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock worth $261,000 after buying an additional 35 shares in the last quarter. Independent Wealth Network Inc. raised its position in McDonald’s by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after buying an additional 36 shares during the last quarter. Blue Barn Wealth LLC lifted its stake in McDonald’s by 4.3% during the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock valued at $252,000 after acquiring an additional 36 shares in the last quarter. Finally, Diligent Investors LLC boosted its holdings in McDonald’s by 0.8% during the 4th quarter. Diligent Investors LLC now owns 4,746 shares of the fast-food giant’s stock worth $1,376,000 after acquiring an additional 36 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Manuel Jm Steijaert sold 10,459 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at $1,421,918.26. This represents a 69.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,136 shares of company stock valued at $8,676,247. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. Northcoast Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 target price (up from $340.00) on shares of McDonald’s in a report on Monday. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley reduced their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Stock Performance

NYSE MCD opened at $318.13 on Thursday. The stock has a market cap of $227.49 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a 50 day simple moving average of $309.74 and a two-hundred day simple moving average of $300.13.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the previous year, the business posted $2.70 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.