Nikulski Financial Inc. Lowers Stock Holdings in McDonald’s Co. (NYSE:MCD)

Nikulski Financial Inc. cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,951 shares of the fast-food giant’s stock after selling 350 shares during the period. Nikulski Financial Inc.’s holdings in McDonald’s were worth $3,464,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the third quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the third quarter valued at about $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the third quarter worth about $44,000. Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the third quarter worth about $58,000. Finally, FSA Wealth Management LLC purchased a new stake in McDonald’s during the third quarter valued at $72,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,905 shares of company stock valued at $2,592,327. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.3 %

MCD stock opened at $285.37 on Friday. The stock has a market capitalization of $204.50 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a 50 day moving average of $291.07 and a 200 day moving average of $288.14.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.19 earnings per share. On average, equities research analysts expect that McDonald’s Co. will post 11.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MCD. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Barclays raised their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

McDonald’s Company 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.