McDonald’s Co. (NYSE:MCD) Stock Position Cut by Sachetta LLC

Sachetta LLC trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,988 shares of the fast-food giant’s stock after selling 83 shares during the quarter. Sachetta LLC’s holdings in McDonald’s were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the third quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. bought a new stake in McDonald’s during the third quarter worth approximately $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s during the third quarter worth approximately $72,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on MCD. Morgan Stanley dropped their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a report on Tuesday. KeyCorp reduced their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday. Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $311.00 to $334.00 in a research note on Friday, January 10th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Finally, TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $320.78.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,905 shares of company stock worth $2,592,327. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $285.37 on Friday. The firm has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73. The stock has a 50-day simple moving average of $291.21 and a 200-day simple moving average of $287.88. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

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

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.