McDonald’s Co. (NYSE:MCD) Position Lessened by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 43.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,854 shares of the fast-food giant’s stock after selling 1,419 shares during the period. North Point Portfolio Managers Corp OH’s holdings in McDonald’s were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. KeyCorp reduced their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday. BMO Capital Markets lifted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Finally, Truist Financial reduced their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $320.78.

McDonald’s Stock Up 0.3 %

Shares of NYSE:MCD opened at $285.37 on Monday. The company has a market cap of $204.50 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73. The business has a 50 day moving average price of $291.07 and a 200 day moving average price of $288.70. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company posted $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts anticipate that McDonald’s Co. will post 11.72 EPS for the current year.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on 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 directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,905 shares of company stock valued at $2,592,327 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

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.