Allen Capital Group LLC Sells 64 Shares of McDonald’s Co. (NYSE:MCD)

Allen Capital Group LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,710 shares of the fast-food giant’s stock after selling 64 shares during the quarter. Allen Capital Group LLC’s holdings in McDonald’s were worth $786,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MCD. Northwestern Mutual Wealth Management Co. lifted its holdings in McDonald’s by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,073 shares of the fast-food giant’s stock valued at $32,894,000 after purchasing an additional 2,328 shares during the last quarter. Quarry LP grew its holdings in McDonald’s by 54.6% during the 2nd quarter. Quarry LP now owns 609 shares of the fast-food giant’s stock worth $155,000 after acquiring an additional 215 shares during the period. Pathway Financial Advisers LLC raised its position in shares of McDonald’s by 10.8% during the 2nd quarter. Pathway Financial Advisers LLC now owns 11,747 shares of the fast-food giant’s stock valued at $2,969,000 after acquiring an additional 1,143 shares during the last quarter. 3Chopt Investment Partners LLC bought a new position in shares of McDonald’s in the 2nd quarter worth $628,000. Finally, Founders Financial Alliance LLC boosted its position in shares of McDonald’s by 0.7% in the 2nd quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock worth $1,269,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,905 shares of company stock worth $2,592,327. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MCD shares. Citigroup raised their target price on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America boosted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley dropped their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Barclays raised their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Price Performance

McDonald’s stock opened at $291.50 on Wednesday. The business has a 50 day moving average of $291.12 and a 200-day moving average of $289.23. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market capitalization of $208.89 billion, a P/E ratio of 25.67, a P/E/G ratio of 3.66 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.19 earnings per share. Equities analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

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.