Foster Victor Wealth Advisors LLC Sells 68 Shares of McDonald’s Co. (NYSE:MCD)

Foster Victor Wealth Advisors LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 797 shares of the fast-food giant’s stock after selling 68 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in McDonald’s were worth $224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Twelve Points Wealth Management LLC raised its holdings in shares of McDonald’s by 23.1% in the 4th quarter. Twelve Points Wealth Management LLC now owns 3,549 shares of the fast-food giant’s stock valued at $1,029,000 after acquiring an additional 667 shares in the last quarter. Gateway Wealth Partners LLC raised its stake in McDonald’s by 17.4% in the fourth quarter. Gateway Wealth Partners LLC now owns 1,556 shares of the fast-food giant’s stock valued at $451,000 after purchasing an additional 231 shares in the last quarter. Capital Investment Counsel LLC bought a new stake in McDonald’s during the fourth quarter valued at approximately $374,000. Mayflower Financial Advisors LLC grew its stake in McDonald’s by 9.6% in the 4th quarter. Mayflower Financial Advisors LLC now owns 4,989 shares of the fast-food giant’s stock worth $1,446,000 after buying an additional 436 shares in the last quarter. Finally, Genesee Capital Advisors LLC increased its holdings in shares of McDonald’s by 6.6% in the 4th quarter. Genesee Capital Advisors LLC now owns 3,783 shares of the fast-food giant’s stock worth $1,097,000 after buying an additional 234 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Down 0.3 %

Shares of McDonald’s stock opened at $290.41 on Thursday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market cap of $208.11 billion, a P/E ratio of 25.50, a PEG ratio of 3.66 and a beta of 0.73. The company’s fifty day simple moving average is $291.12 and its two-hundred day simple moving average is $289.23.

McDonald’s (NYSE:MCD) last announced 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. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the company earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts predict that McDonald’s Co. will post 11.72 EPS for the current fiscal year.

Insider Buying and Selling at McDonald’s

In other news, 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 sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Friday, November 1st. The stock was 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 owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,905 shares of company stock valued at $2,592,327. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MCD shares. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. UBS Group raised their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Citigroup upped their target price on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten 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 price target of $320.87.

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.