McDonald’s Co. (NYSE:MCD) Position Lessened by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,476 shares of the fast-food giant’s stock after selling 99 shares during the quarter. McDonald’s makes up approximately 1.5% of Ables Iannone Moore & Associates Inc.’s holdings, making the stock its 15th largest holding. Ables Iannone Moore & Associates Inc.’s holdings in McDonald’s were worth $2,457,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the 3rd quarter worth approximately $31,000. Hara Capital LLC bought a new stake in McDonald’s during the third quarter worth approximately $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the third quarter valued at approximately $58,000. Finally, FSA Wealth Management LLC bought a new position in shares of McDonald’s in the third quarter valued at approximately $72,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

McDonald’s stock traded down $2.72 on Monday, reaching $292.06. The company’s stock had a trading volume of 2,710,089 shares, compared to its average volume of 2,447,961. The business’s fifty day moving average price is $294.61 and its 200 day moving average price is $285.42. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market cap of $209.30 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.95 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 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company earned $3.19 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts forecast that McDonald’s Co. will post 11.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI lifted their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Truist Financial reduced their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $320.65.

McDonald’s 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.