KMG Fiduciary Partners LLC Sells 528 Shares of McDonald’s Co. (NYSE:MCD)

KMG Fiduciary Partners LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,459 shares of the fast-food giant’s stock after selling 528 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in McDonald’s were worth $2,742,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new stake in McDonald’s during the third quarter worth approximately $1,394,000. Charles Schwab Investment Management Inc. boosted its position in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after purchasing an additional 51,210 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after buying an additional 2,997 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of McDonald’s during the third quarter worth approximately $16,870,000. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,704 shares of company stock worth $2,829,428. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $279.56 on Friday. The stock’s fifty day moving average is $293.20 and its 200-day moving average is $286.80. The stock has a market capitalization of $200.34 billion, a PE ratio of 24.54, a PEG ratio of 3.67 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.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.19 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Citigroup upgraded McDonald’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $311.00 to $334.00 in a research note on Friday, January 10th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Bank of America upped their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

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.