McDonald’s Co. (NYSE:MCD) Shares Sold by Northern Financial Advisors Inc

Northern Financial Advisors Inc lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,799 shares of the fast-food giant’s stock after selling 196 shares during the quarter. Northern Financial Advisors Inc’s holdings in McDonald’s were worth $1,126,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Ironwood Wealth Management LLC. increased its stake in shares of McDonald’s by 2.6% in the third quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock worth $1,031,000 after acquiring an additional 100 shares during the period. BluePath Capital Management LLC acquired a new stake in McDonald’s during the 3rd quarter worth about $166,000. Crescent Grove Advisors LLC raised its stake in shares of McDonald’s by 12.1% during the 3rd quarter. Crescent Grove Advisors LLC now owns 1,514 shares of the fast-food giant’s stock valued at $399,000 after buying an additional 164 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of McDonald’s by 10.4% in the 3rd quarter. Brighton Jones LLC now owns 6,352 shares of the fast-food giant’s stock valued at $1,673,000 after buying an additional 600 shares during the period. Finally, WESPAC Advisors LLC purchased a new stake in shares of McDonald’s in the third quarter worth about $224,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.1 %

NYSE:MCD traded up $0.37 during trading hours on Wednesday, hitting $267.87. The company had a trading volume of 1,379,741 shares, compared to its average volume of 3,286,960. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The company has a market cap of $193.14 billion, a P/E ratio of 22.66, a P/E/G ratio of 3.01 and a beta of 0.71. The company has a 50-day moving average of $278.43 and a 200 day moving average of $282.90.

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

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Truist Financial dropped their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. BMO Capital Markets decreased their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Guggenheim lowered their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, McDonald’s currently has an average 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.